Answer Posted / ppp
As per Golden rules Salary is considered generally as
Nominal A/c.But If any prefix or suffix is added with this
a/c then it will be treated as Personal A/c.
As per Golden rules All expenses & Losses
are treated as Dr. balance and Salary is an Exp. in respect
of Proprietor that's why we can call it Nominal A/c.
Is This Answer Correct ? | 13 Yes | 4 No |
Post New Answer View All Answers
Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com
Is WCT paid to be considered as overhead during costing in construction firm?
how can i make transaction related to inflation account in sap ?
Expand----------MTSC
Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From
What is a Balance Sheet & Profit & Loss Account?
what is the difference between financial accouning and financial management?
how to mention last year profit of ay private limited company in current year balance sheet ?
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
what is Calculation of Gross Profit Or Gross Loss?
What exactly balance sheet depicts
How to raise my credit score if I have 500 credit score?
Expand-------NBTA
what are the accounting ratios
Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...