Answer Posted / pradeep banduni
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 |
Post New Answer View All Answers
What is pgdb program?
What is ‘crossed cheque’? Explain
What is Banking Ombudsman Scheme?
Explain different trims?
What makes a good financial model?
Describe the difference between being a manager, a leader and a follower?
What Is Retail Or Consumer Banking?
What Ach Stands For?
Would You Please Explain Unearned Income?
What Is The Securities Transaction Tax?
Explain share capital and reserves and surpluses.
How well can you handle the pressure?
What is RBI's role in developing the Indian Economy?
What is Public expenditure?
Name the authority that mint coins in india and also name the places where the minting operation is processed?
