Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / maitreyee
Nominal account is related with
losses,expenses,income&gain.
rule-Debit all expenses &losses
Credit all income and gains
example-rent a/c, salary a/cetc.
| Is This Answer Correct ? | 170 Yes | 11 No |
Post New Answer View All Answers
What are the pros and cons of the cashless economy?
How is E-commerce related to social media?
I am using log-returns in a study, and I use CAPM to predict the expected return. When calculating the expected return from CAPM, how do I approach with log-numbers? Do I use log-numbers for interest rate, market return and beta, or only the first two?
Explain about trims.
Explain liquid ratio/ acid ratio/ quick ratio. What does it indicate?
When should a company issue equity, rather than debt, to fund its operations?
How important is the service sector for the economy?
What are the various types of preference shares?
What do you know about RBI? Tell some of its functions?
What's Merchant Banking?
Name the rating system given by rbi for the banking sector?
How is my education and work experience benefit NABARD?
On which day, the first world statistics day was celebrated?
What is the validity period of a cheque?
If Inventory Is Understated At The End Of The Year, What Is The Effect On Net Income?
