Interested to Buy Any Domain ? << Click Here >> for more details...
What is nominal account ?
- 18 Answers
- 42361 Views
- BPO, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / maitreyee
Nominal account is related with
losses,expenses,income&gain.
rule-Debit all expenses &losses
Credit all income and gains
example-rent a/c, salary a/cetc.
| Is This Answer Correct ? | 170 Yes | 11 No |
Answer / sirisha
Nominal account is related with
losses,expenses,income&gain.
rule-Debit all expenses &losses (rent a/c, postage and
stationary)
Credit all income and gains (sales, dis received, int
received)
| Is This Answer Correct ? | 112 Yes | 13 No |
Answer / gayathri
Debit all expenses &losses
Credit all income and gains
example-rent a/c, salary a/cetc.
| Is This Answer Correct ? | 61 Yes | 9 No |
Answer / ratan das
nominal a/c is realted with losses,expenses,income and gain
dr:-repairing,stolen
cr:-purcahse
| Is This Answer Correct ? | 48 Yes | 10 No |
nominal a/c is the a/c in which we calculate income(gains)
expenses(losses)
nominal a/c having following rule:-
Dr. All expenses & losses
Cr. All income & gain
| Is This Answer Correct ? | 40 Yes | 5 No |
Answer / tapan
rule are nominal a/c-
Debit all expenses &losses
Credit all income and gains
| Is This Answer Correct ? | 29 Yes | 1 No |
Answer / wasim faruque
All expenses and losses are debited(for eg.rent,salary etc.
All incomes and gains are credited(for eg.income
received,discount received,free sample.)
| Is This Answer Correct ? | 30 Yes | 3 No |
Answer / suraiya
Nominal account is related losses and expenses
income and gain eg.rent payable,salary to staff,postage,
stationary,printing,telephnobe bill,
income (rent recieved,bill recived ,etc)
| Is This Answer Correct ? | 26 Yes | 3 No |
Answer / sujay mandal
nominal a/c is realted with losses,expenses,income and gain
dr:-repairing,stolen
cr:-purcahse
example-rent a/c, salary a/cetc.
| Is This Answer Correct ? | 28 Yes | 8 No |
Answer / mahesh
NOMINAL ACCOUNT IS SUMMERY ACCOUNT IS RELATES TO ALL
INCOMES & EXPENDITURE.
FOR EXAMPLE:- INCOME & EXPENDITURE ACCOUNT IS UNDER THIS
ACCOUNT THIS ACCOUNT USABLE FOR LAWYERS & TEACHERS.
| Is This Answer Correct ? | 14 Yes | 7 No |
which types question the aptitude test
2 Answers eClerx, Reliance, Reliance Jio,
Which is higher - the cost of equity or the cost of debt, and why?
0 Answers State Bank Of India SBI,
What Are Npas?
How successful is the Reliance Jio in providing free Telecom services?
0 Answers State Bank Of India SBI,
What is secularism?
0 Answers State Bank Of India SBI,
WHAT IS AGREEMENT? WHY TO BECOME A CONTACT AN AGREEMENT MUST BE ENFORCEBLE BY LAW?
What is 'asset duty'?
What Is Alternative Minimum Tax (amt)?
What are your views on the performance of India Paralympics?
What are the most basics financial statements prepared by the companies?
What is the difference between Miss and Mistress?
0 Answers State Bank Of India SBI,
Do you think banks play a role in women empowerment? Justify your stand.
-
Business Administration (517) - Marketing Sales (1279)
- Banking Finance (3209)
- Human Resources (747)
- Personnel Management (68)
- Hotel Management (29)
- Industrial Management (113)
- Infrastructure Management (14)
- IT Management (97)
- Supply Chain Management (16)
- Operations Management (39)
- Funding (79)
- Insurance (494)
- Waste Management (1)
- Labor Management (48)
- Non Technical (73)
- Business Management AllOther (546)
