Current Account is -  (A) Personal Account  (B) Real Account  (C) Nominal Account  (D) None of these

Correct Answer - C `(c )` ` (a^(2)+b^(2))x^(2)-2b(a+c)x+b^(2)+c^(2)=0` `D=4b^(2)(a+c)^(2)-4(a^(2)+b^(2))(b^(2)+c^(2))` `=-4(b^(4)-2b^(2)ac+a^(2)c^(2))` `=-(n^(2)-ac)^(2)` For real roots, `D ge 0` `implies -4(b^(2)-ac)^(2) ge 0` `implies b^(2)-ac=0` `implies` Roots are real and equal. `:.` Roots...

Correct option is: (B) Real Account

Correct option is: (A) Debit balance

Correct option is: (B) Intangible asset

Correct option is: (B) Executor’s A/C

Correct option is: (B) Nominal A/C

Correct option is: (D) Suspense account

Correct option is (a) Drawings

i. True ii. True iii. True iv. False v. False vi. False vii. True viii. True ix. False x. False

The account relating to business expenses, incomes, and gains is called a nominal account.  e.g. Rent A/c.