which type of account is income tax is it a personal,real
or nominal or what?

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which type of account is income tax is it a personal,real or nominal or what?..

Answer / jaganvizag

Nominal account. because the expenses for the company is
comes in Nominal account.

If provision for Income tax then it comes in liability
(Personal account)

Is This Answer Correct ?    26 Yes 5 No

which type of account is income tax is it a personal,real or nominal or what?..

Answer / cma aziz chishti

Income tax being personal liability is not business related expense. On contrast it is expense for the sole trader on profits earned from business.hence personal

Is This Answer Correct ?    3 Yes 0 No

which type of account is income tax is it a personal,real or nominal or what?..

Answer / tooba syed

It is nominal if the it is an expense of the business
And personal if it's not from business point of view

Is This Answer Correct ?    5 Yes 3 No

which type of account is income tax is it a personal,real or nominal or what?..

Answer / amey

Nominal A/c

Is This Answer Correct ?    0 Yes 0 No

which type of account is income tax is it a personal,real or nominal or what?..

Answer / jagadish

personal account

Is This Answer Correct ?    7 Yes 12 No

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