P1 C2 Dual Effect of Transactions and Types ofAccounts — Account STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C2 Dual Effect of Transactions and Types ofAccounts1 Mark
Question
Which type of accounts are included in Nominal A/c. ?
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Answer
In Nominal A/c.: - Expenses A/c. like salary, wages, discount etc. - Incomes A/c. like dividend, discount, commission etc. - Transactions include profit or loss A/c. etc. are included in Nominal A/c.
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