I.Com Part 1 Principles of Accounting chapter 3 Analysis of Business Transactions and Double Entry System Short Question Preparation


11th Class Principles of Accounting
Chapter 3 Preparation

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Principles of Accounting - ICOM Part 1 Principles of Accounting Chapter 3 Short Question Preparation

Question # 1

What is meant by nominal account?

  • Ans 1: Accounts which keeps records of expenses losses gains are called nominal accounts.Rent account,salary account,repair account carriage in loss,by theft commission received etc, are the example of nominal amounts.
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ICOM Part 1 Principles of Accounting Chapter 3 Short Question Preparation - Available Questions

Question # 1

What is meant by nominal account?

  • Ans 1: Accounts which keeps records of expenses losses gains are called nominal accounts.Rent account,salary account,repair account carriage in loss,by theft commission received etc, are the example of nominal amounts.
Submit

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Principles of Accounting
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11th Class Principles of Accounting Chapter 3 Preparation

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