i was asked to journalise nominal accounts please give me
the answer with examples so dat its easy for me 2 understand
- 3 Answers
- 3975 Views
- Target, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / guduri
All nominal accounts deal with transactions related with
Income and expenditure of a business. Blind way of
understanding is you have to debit all business related
expenses and losses happening due to unforseen happenings
and credit all incomes and gains of the business
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / vivek mohan nair
Nominal accounts means all transactions realated to income
and expenses -- golden rule for nominal account is debit
all expenses and loses and credit all income and gain.
Nominal account examples are rent , salary, interest etc...
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / gayasree
Accounts are divided into two types that are personal a/c and impersonal a/c nd this impersonal a/c has two types that are real a/c and Nominal accounts here norminal a/c are related to two things that are
1)Expenses, loses..... Dr
2) Income, profit..... Cr
Ex÷ salary a/c, commission a/c, interest received a/c... etc
| Is This Answer Correct ? | 0 Yes | 0 No |
i am fresher .i want job in accounts.please send me general interview questions of accounts
what do you meant by POP-up
What is vlookup?How it is prepared?
what is debtors?
what is unique in you i.e, why should i prefer you than
Why Bank Reconciliation is required?Other reconciliation you do?
plz send all previous question papers for SBI clerical post.My email id is mechabhilash6@gmail.com
0 Answers State Bank Of India SBI,
What is provision for depreciation? What is it entry in P&L & Balance sheet? How it is different from Depreciation expense?
Expand-------ACNS
IF CASH-IN-HAND COMES IN CURRENT ASSET(HEAD) THEN PLEASE TELL ME IN WHICH HEAD COMES "SALES RETURN" AND "PURCHASE RETURN"
What z d diff of accounting principle,accounting standard,accounting rules,accounting procedures,accounting concepts??????
WHAT IS CORPORATE ACTION?
Audit 
