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"Bank loan" is personal account ,real …

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"Bank loan" is personal account ,real account, or nominal account. Which type of account is this?

Posted by Riya Riya 4 years, 4 months ago

CBSE > Class 11 > Accountancy

3 answers

Nishita Jaisalmeria 4 years, 4 months ago

It is nominal account

0Thank You

Riya Riya 4 years, 4 months ago

But bank is an asset in liability+capital =assets also. so it means it is real accounts also. Give reason why I should consider bank loan as nominal account.

0Thank You

Rishu Rishabh 4 years, 4 months ago

Nominal

0Thank You

ANSWER

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CBSE > Class 11 > Accountancy