carriage outwards be personal and real or nominal account
Answers
Answered by
41
Answer:
carriage outwards be personal and real or nominal account
Explanation:
carriage outwards be personal and real or nominal account
Answered by
3
Answer:
There are mainly three types of accounts in accounting: Real, Personal and Nominal account.
Accounts which are related to expenses, losses, incomes or gains are called Nominal accounts.
Carriage Inward A/c is a nominal account.The final result of all nominal accounts is either profit or loss which is then transferred to the capital account.
Similar questions