Which of the following are impersonal accounts ?
I. Investment
II. Creditors
III. Premises
IV. Debtors
V. Salaries
-
A.
I, III and IV -
B.
I, III and V -
C.
II and IV -
D.
III and V
Correct Answer: Option D
Explanation
impersonal account; any account other than a personal account, being classified as either a real account, in which property is recorded, or a nominal account, in which income, expenses and capital are recorded.