What is Nominal Account Tally Theory in Marathi
Nominal Account :- An account pertaining to expenses, income, losses, gains and profits is known as Nominal Account.
Golden rules of nominal Account
Debit: All Expenses & losses.
Credit: All Income & gains or
For Example :- Rent A/c, salaries A/c, interest A/c, commission, All Expenses, All Income, Losses Gain, Profit.
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