Accountancy, asked by uzma8255, 4 months ago

income and expenditure account is a nominal account ( true/ false ​

Answers

Answered by iamvanshika53
2

Answer:

Explanation: In Income and Expenditure Account, all the revenue incomes and revenue expenses are recorded and therefore it is a Nominal Account and not a real Account.

Answered by meghaagarwalfzd
1

Answer:

True

Explanation:

Because in nominal account debit all losee and expenses

Credit all income and gains

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