Accounting Types Question:
Download Job Interview Questions and Answers PDF
What are Nominal Accounts? List accounts consisting the Nominal Account?
Answer:
Nominal Accounts are the accounts of Incomes, Expenses, Losses and Gains. Nominal Accounts consist of the following types of accounts:
-Insurance Account
-Wages Account
-Interest Paid or Received Account
-Commission Paid or Received Account
-Telephone Expenses Account
-Salary Account
-Insurance Account
-Wages Account
-Interest Paid or Received Account
-Commission Paid or Received Account
-Telephone Expenses Account
-Salary Account
Download Accounting Types Interview Questions And Answers
PDF
| Previous Question | Next Question |
| Can you explain Going Concern Concept? | Do you know accounting concepts? |