[Solved] Which of the following is wrong?

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Q.	Which of the following is wrong?
A.	all real and personal accounts are transferred to balance sheet
B.	nominal accounts are transferred to p & l account
C.	each account is opened separately in ledger
D.	rent is a personal account, outstanding rent is nominal account
Answer» D. rent is a personal account, outstanding rent is nominal account

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Financial Accounting 2

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