i was asked to journalise nominal accounts please give me
the answer with examples so dat its easy for me 2 understand
- 3 Answers
- 4615 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 |
how can i make configration relation with inflation in sap
What experience have you had in fixed assets accounting?
Define Capital Expenditure
Can anybody send me Interview questions & Answers to me IN Accounts & finance my Mail ID - razvinotes@yahoo.com
What is trail balance? what is Profit & loss a/c ? what is Balance sheet?
WHAT IS B.E.P. CHART
Diffrence between cost, financial and management accounting
describe the most complex challenge that you have faced and how you managed it
1. Fdr mature with interest
tell me something about urself?
23 Answers Accenture, CMS, Cognizant, ICICI, Nipuna, TCS, Thomas Cook, Wipro,
what do you mean by Account receivables
What is Earning per share?
Audit 
