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...

What is nominal account ?

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


Please Help Members By Posting Answers For Below Questions

Is California Chapter 13 Bankruptcy (reorganization) Right For Me?

1072


What do you understand by the SWOT Analysis?

1104


What is another term for investment banking division?

1246


Highlight various skill development schemes recently started in india.

1088


On what basis do banks offer loans?

1056


Explain the internal structure of a finance department in medium and large businesses.

1050


Mention what are the options available in Account Books Menu in Tally ERP 9?

1467


Define Non Convertible Debentures?

1109


how to calculate the sand quantity for please work 1:3

1927


What Is Credit Management System?

1067


Share your views on India 2020?

1143


mis & qis formats

2577


What is HTM & AFS?

1317


What do you understand by CSR?

1170


Can Share Holders Transfer Their Shares of Joint Stock Company?

1085