Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

salary is which type of account??

Answer Posted / naresh

Salary Account is Nominal Account., because according to
Nomical Account Formula : Income & Gains = Credit
Expenses & Loss = Debit

So,salary account is goes under group of Incoem & Expenses.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what do Loan Loss Coverage Ratio mens describe it with examples?

2249


What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?

2127


What Kind Of Requirements for Vat Refund And Assessment Cases

1868


what is budgetory control and what are the types

2454


what is portfolio Saint?

2015


Comments Elements in accounting

1812


what is the difference between Assets Allocation & Security selection?

2883


how history is helpful for banking?

2059


outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited

1932


barwaha

1106


Short Answer on _________Financial accounting

1868


Weather Entry tax on consumable goods purchased against CST

2151


in what form is crr kept in RBI?

2483


service tax form no ? What is CC Limit ? What is branch accounts?

2216


What are events occuring after the balancesheet date?

2220