1 Which of the following are personal accounts? ( i ) Buildings ( ii ) Wages ( iii ) Debtors ( iv ) Creditors (A) ( i ) and ( iv ) only (B) ( ii ) and ( iii ) only (C) ( iii ) and ( iv ) only (D) ( ii...

1

Which of the following are personal accounts?

(i
) Buildings

(ii
) Wages

(iii
) Debtors

(iv) Creditors

(A) (i) and (iv) only

(B) (ii) and (iii) only

(C) (iii) and (iv) only

(D) (ii) and (iv) only.

2 When Lee makes out a cheque for £50 and sends it to Young, then Lee is known as

(A) The payee

(B) The banker

(C) The drawer

(D) The creditor.