i was asked to journalise nominal accounts please give me
the answer with examples so dat its easy for me 2 understand
Answer Posted / 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 |
Post New Answer View All Answers
Short Answer on _________Financial accounting
what is an advance against expenses
We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?
HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.
What are different types of reports made in tally
Which Invoice issued on Central Sale Commercial or Retail?
I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T
Whats the Balnace of Closing stock so if we issued the materil then the Closing stick will be dr and in case we pirchsed the materil the closing stock will be cr so tell me that i m correct or not
what are Equity shares,Preference shares,Bonus shares,Bond,Debentures,Dividend?
Expand--------TOS
Define Payee
How can i prepare MIS report for Finance?
Expand----------CMST
A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c
why do you think you are sutable candidate for this post