Share Application Account is in the nature of ______________.nominal accountreal accountnone of thesepersonal account (2024)

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A

real account

B

nominal account

D

none of these

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Share Application or share allotment or Share capital A/c all are personal accounts as they represent money from the shareholders and when money is due, these are to be debited because of the rule "Debit the receiver".

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Share Application Account is in the nature of ______________.nominal accountreal accountnone of thesepersonal account (2024)

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