salary is which type of account??

Categories >> Accounting >> Accounting AllOther
Suggest New Category

Question Posted / sachin saraogi

20 Answers
41698 Views
Cap Gemini, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

salary is which type of account??..

Answer / raghava kumar.i

salary is the nominal acount.because debit all expenses and
losses.salary's is the expenses for the business.

Is This Answer Correct ?

69 Yes

4 No

salary is which type of account??..

Answer / mahendar

salary A/c is a nominal A/c. As per basic principle All
expenses and All liabilities are treted as a nominal a/c.
debit all expenses, and credit all income.

Is This Answer Correct ?

35 Yes

6 No

salary is which type of account??..

Answer / arjun

salary is Nominal a/c

Is This Answer Correct ?

24 Yes

2 No

salary is which type of account??..

Answer / ramya naidu

Salary is Nominal A/C. It is an expenses to the
Organisation.

Is This Answer Correct ?

15 Yes

1 No

salary is which type of account??..

Answer / laxman

To company salary is nominal account regarding golden
principles all expendetures and losses are comes under
nomimal accounts and to emplye salary is a real account
regarding golden principles debit the receiver credit the
giver.

Is This Answer Correct ?

16 Yes

3 No

salary is which type of account??..

Answer / surender & satish ,warangal

salary is the exp.so it comes in nominal a/c.beacuse all
exp and loses dr and incomes and gains cr as per the
nominal a/c.

Is This Answer Correct ?

11 Yes

1 No

salary is which type of account??..

Answer / ppp

As per Golden rules Salary is considered generally as
Nominal A/c.But If any prefix or suffix is added with this
a/c then it will be treated as Personal A/c.
As per Golden rules All expenses & Losses
are treated as Dr. balance and Salary is an Exp. in respect
of Proprietor that's why we can call it Nominal A/c.

Is This Answer Correct ?

13 Yes

4 No

salary is which type of account??..

Answer / rajesh

Salary is a nominal A\C.

Is This Answer Correct ?

10 Yes

1 No

salary is which type of account??..

Answer / rajesh

Salary is a nominal A\C.

Is This Answer Correct ?

9 Yes

0 No

salary is which type of account??..

Answer / chandu

salary is an expenses. it is nominal account nominal
principal is whats come in
what goes out

rent, telephone charges, electrical charges salary this are
expenses. in profit and loss account debit expenses and
credit incomes.

Is This Answer Correct ?

16 Yes

11 No