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Meaning and Fundamentals of Double Entry Book-Keeping — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyMeaning and Fundamentals of Double Entry Book-Keeping1 Mark
Question
What is a Nominal Account?
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Answer

The account relating to business expenses, incomes, and gains is called a nominal account.
e.g. Rent A/c.

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