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Question

Outstanding wages is an example of __________.

A
Personal A/c
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B
Real A/c
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C
Nominal A/c
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D
None of these
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Solution

The correct option is A Personal A/c

Examples of nominal accounts are Purchase A/c, Sales A/c, Salary A/c etc.

Outstanding wages is classified as a personal account and not a nominal account. This account represents the accounts of all those persons to whom wages have not been paid and hence, are outstanding.


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