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Answer Posted / 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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