Answer Posted / pradeep sharma
nominal a/c is the a/c in which we calculate income(gains)
expenses(losses)
nominal a/c having following rule:-
Dr. All expenses & losses
Cr. All income & gain
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Mention some of the topics that Actuary should be proficient in?
Explain liquid ratio/ acid ratio/ quick ratio.
What Are The Different Types Of Loans Offered By Banks?
Do You Expect Capital Demand In The System To Increase On Average Due To The Stress Test Exercise?
What are the Non Performing assets of a company
differentiate between GNP and GDP?
What is the source of income of government?
What Are The Different Types Of Equity Market?
What Is The Difference Between Reserve And Allowance?
How is bandhan bank different from other public and private banks?
How many types of electronic clearing service (ecs) are there?
What Should I Do If I Discover That I Forgot To List A Creditor In The Bankruptcy Schedules?
When was NABARD set up?
What is the penal interest charged in your bank? Have you ever refunded it?
What does 'R' in BRIC stand for?