Fill in the blanks:

i. Land and Building account is _________

ii. Cash Book and Personal Accounts are only maintained under ________system.

iii. Debit what comes in and credit what goes out is the rule of ________ account.

iv. Travelling expenses account is _________ type of Account.

v. Every transaction has _______________ effect.

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1 Answers

i. Real

ii. Single Entry

iii. Real

iv. Nominal

v. Two Fold

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