Sample questions
You've seen the pattern — here are a few of the actual PYQs.
EPFO2023
'Outstanding rent' may be classified as:
- A Natural personal account
- B Representative personal account ✓
- C Real account
- D Nominal account
✓ Correct answer: (B)
Commerce & Accountancy › Financial Accounting
EPFO2020
Which one of the following statements is correct about Income and Expenditure Account ?
- A It is a Real Account.
- B It is a Personal Account.
- C It is a Nominal Account. ✓
- D It is a Representative Personal Account.
✓ Correct answer: (C)
Commerce & Accountancy › Financial Accounting
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