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Balances of all ……… accounts are required to be closed on the last day of the accounting year. (a) Nominal

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in Final Accounts of Sole Proprietors – I by (48.5k points)

Balances of all ……… accounts are required to be closed on the last day of the accounting year. 

(a) Nominal 

(b) Personal 

(c) Real

(d) Representative personal

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1 Answer

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by (48.2k points)

The correct answer is : (a) Nominal

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