Impersonal account is subdivided into
-
A.
real and nominal accounts -
B.
nominal and personal accounts -
C.
real and current accounts -
D.
personal and real accounts
Correct Answer: Option A
Explanation
IMPERSONAL ACCOUNTS represents accounts other than Personal Accounts. This may be sub-classified into:
a. Real Accounts, e.g. Asset Account; and,
b. Nominal Accounts, e.g. Income and Expenditure Accounts.