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Which of the following is a nominal account?

1501Medium DSSSB TGT Computer Science 0 replies

Which of the following is a nominal account?

  • ACash account
  • BDebtors account
  • CSalary account
  • DCapital account
Correct answer: C

Explanation

Nominal accounts record expenses, losses, incomes and gains; the salary account is an expense account, whereas cash and debtors are real and personal accounts respectively.

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