Answer Posted / mahendar
salary A/c is a nominal A/c. As per basic principle All
expenses and All liabilities are treted as a nominal a/c.
debit all expenses, and credit all income.
| Is This Answer Correct ? | 35 Yes | 6 No |
Post New Answer View All Answers
example of aptitude ns
why gross profit transfering to profit & loss account
reason for difference in Balance sheet (Asset side & Liabilites side)
What Question ask in MARKIT Company?
is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?
What is the difference between reserve and provision.
Is WCT paid to be considered as overhead during costing in construction firm?
How do you handle lack of direction or working in chaos
recently release the 6.0 version not succede in the market why?
difference between office expense and miscelleanous expense with some examples
paid two years rent N1200, bought Motor van for cash N3000
Expand--------TAO
Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance
Hello to every body ... Its not its not a interview question In accounting field can we make Money ?
Define capital