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State the accounting rule for the nominal account.

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प्रश्न

State the accounting rule for the nominal account.

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उत्तर

Nominal account

  • Debit all expenses and losses
  • Credit all incomes and gains
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Accounting Rules
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Books of Prime Entry - Very short answer questions [पृष्ठ ५८]

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सामाचीर कलवी Accountancy [English] Class 11 TN Board
अध्याय 3 Books of Prime Entry
Very short answer questions | Q II 7. | पृष्ठ ५८
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