Nominal
This query is : Resolved
Ashish Moses Frankey
(Querist)
19 August 2014
I cannot understand the Nominal Account. How the Exp. is Profit And Income Is Loss...????
Rupesh Jain
(Expert)
20 August 2014
you already read the definition of nominal a/c definition.
in which a/c related to income and expenses
effect to the profitability of the institution/firm/company. include under the nominal a/c.
in which a/c related to income and expenses
effect to the profitability of the institution/firm/company. include under the nominal a/c.
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