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salary is which type of account??
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Answer / raghava kumar.i
salary is the nominal acount.because debit all expenses and
losses.salary's is the expenses for the business.
| Is This Answer Correct ? | 69 Yes | 4 No |
Answer / ramya naidu
Salary is Nominal A/C. It is an expenses to the
Organisation.
| Is This Answer Correct ? | 15 Yes | 1 No |
Answer / laxman
To company salary is nominal account regarding golden
principles all expendetures and losses are comes under
nomimal accounts and to emplye salary is a real account
regarding golden principles debit the receiver credit the
giver.
| Is This Answer Correct ? | 16 Yes | 3 No |
Answer / surender & satish ,warangal
salary is the exp.so it comes in nominal a/c.beacuse all
exp and loses dr and incomes and gains cr as per the
nominal a/c.
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / 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 |
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