Interested to Buy Any Domain ? << Click Here >> for more details...
i was asked to journalise nominal accounts please give me
the answer with examples so dat its easy for me 2 understand
- 3 Answers
- 5451 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 |
what is the fullform of CRR, GDP& WHAT ARE CURRENT5 CRR & GDP
double-entry bookkeeping system
what is depreciation ?
Expand SOIT
How can you actualize cah flows of 5 years at 8%
EXPAND___________MMTS
why preliminary expenses are written off every year from profit and loss a/c.??
what is mean by MIS?
"while Financial accounting is external, cost accouting is internal to the business" Explain?
DEfine SAP
if not found suitable for the post applied for, are you willing to be considered for a lower post yes / no ? why?
What is Cost Accounting
6 Answers NIC, Oceanic Exports, State Bank Of India SBI,
Audit 
