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Golden rule for Nomianal Account?

Answers were Sorted based on User's Feedback



Golden rule for Nomianal Account?..

Answer / knareshmba

Hi

Nominal Acount

Debit expenses and losses :

Credit incomes and gains

Is This Answer Correct ?    28 Yes 1 No

Golden rule for Nomianal Account?..

Answer / mvenkatmba

For nominal ac
Debit all expenses and losses
credit all incomes and gains

Is This Answer Correct ?    21 Yes 2 No

Golden rule for Nomianal Account?..

Answer / satyaki_raju@yahoo.com

Debit all expenses and losses of the business
Credit all incomes and gains of the business

Is This Answer Correct ?    11 Yes 1 No

Golden rule for Nomianal Account?..

Answer / dharmendar singh rawat

Nominal Acount

Debit All expenses and losses

Credit incomes and gains

Is This Answer Correct ?    8 Yes 1 No

Golden rule for Nomianal Account?..

Answer / shraddha kasalkar

dr all expenses and loses
cr all incomes and gain

Is This Answer Correct ?    4 Yes 1 No

Golden rule for Nomianal Account?..

Answer / rahul kanojiya

Debit all expenses and losses

Credit all income and gains

Is This Answer Correct ?    0 Yes 0 No

Golden rule for Nomianal Account?..

Answer / sandipan chakraborty

what comes in Dr
And what goes out is Cr

Is This Answer Correct ?    1 Yes 3 No

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