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What is the nature of rent paid to a partner?
  • a)
    Real Account
  • b)
    Representative Person’s Personal Account
  • c)
    Artificial Personal Account
  • d)
    Nominal Account
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
What is the nature of rent paid to a partner?a)Real Accountb)Represent...
Rent paid to a partner is an expense for the business. All expenses and losses are considered as Nominal account. Rent paid to partner is a charge against the profit and it will be paid whether there is profit or loss in the business.
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Most Upvoted Answer
What is the nature of rent paid to a partner?a)Real Accountb)Represent...
Rent paid to a partner is an expense. And all the expense, losses, incomes and games are included in Nominal account
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Community Answer
What is the nature of rent paid to a partner?a)Real Accountb)Represent...
A) Real Account
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What is the nature of rent paid to a partner?a)Real Accountb)Representative Person’s Personal Accountc)Artificial Personal Accountd)Nominal AccountCorrect answer is option 'D'. Can you explain this answer?
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