Answer Posted / anil kumar
The accounts which are releted to expenses, loses, incomes
and gains are called nominal account.
Rule : Dr. all losses and expenses
Cr. all gains and incomes
Example : Rent a/c, salary a/c etc.
Discount received, intrest received etc...
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Explain opportunity cost and differential cost.
What are the different business cycles?
What do you mean by imps?
Tell me about some macroeconomic trends going on in the world today.
What is a non -banking financial company (nbfc)?
What can be done to eradicate poverty from the country?
What is the main use of SLR? What is Inflation in India?
what r the shedule under India government & the defenition
Case Study:- Assume you are an insurance consultant dealing with an umbrella of insurance products of various insurance companies. you have been approached by the Dean of college to give presentation on the insurance titled "life insurance fulfils the needs of aperson". The presentation should include the various needs of person at different stages of life. you have been rrequested to include sufficient example to make the presentation more reachable.
What do you consider your most significant strengths?
Explain profitability group ratios.
Discuss risks that you have taken if your life?
Tell something about prime lending rate?
Why Do We Need The Single Supervisory Mechanism?
What idea do you frame of insurance sector in India?
