Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is nominal account ?

Answer Posted / anil kumar

The accounts which are releted to expenses, loses, incomes
and gains are called nominal account.
Rule : Dr. all losses and expenses
Cr. all gains and incomes
Example : Rent a/c, salary a/c etc.
Discount received, intrest received etc...

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the various sources through which a company can meets its fund requirements?

1028


What is the function of blue chip stock?

1122


How many number of SBI branches are there in West Bengal ?

1210


What is the difference between unemployment and underemployment?

1074


Do Banks have reservation? If yes, what is the percentage?

1069


Does ifbi offer any other banking programs?

1141


Tell us something about the 27th or latest public sector bank in india.

1084


Hi.. I have done B.Tech. in Biotechnology student. Now I am applying for bank jobs. I would like to know what should be my answer if they ask being a biotechnology student why are u interested in banking sector? Kindy reply plsssss

2582


Which kind of operations are included in treasury operations?

1032


What are the Non Performing assets of a company

1092


How Does An Expense Affect The Balance Sheet?

1132


Do you know why SBI is different from other banks?

1186


What measures can be taken from rural development?

1052


What is NABARD and tell some of its functions?

1130


Explain Openpages Regulatory Compliance Management?

1093