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State the accounting rule for the nominal account. - Accountancy

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प्रश्न

State the accounting rule for the nominal account.

टीपा लिहा

उत्तर

Nominal account

  • Debit all expenses and losses
  • Credit all incomes and gains
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Accounting Rules
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 3: Books of Prime Entry - Very short answer questions [पृष्ठ ५८]

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