Junior Accountant Question:
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Explain nominal account with examples?

Answer:

Nominal Account is an account of incomes or expenses.
☛ Types of Nominal account
☛ Salary Account,
☛ Commission Paid/Received Account,
☛ Telephone Expenses Account,
☛ Wages Account,
☛ Printing & Stationery Account,
☛ Interest Paid/Received Account.

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