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What do you mean by the word Loss in nominal accounting Give some examples

Question Posted / mudunuri

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What do you mean by the word Loss in nominal accounting Give some examples..

Answer / mudunuri

A happening which is under unforeseen and unavoidable circumstances

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What do you mean by the word Loss in nominal accounting Give some examples..

Answer / raghuvstar@gmail.com

Eg for Nominal account

Rent paid,Salary paid,Commission paid.Etc........

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