Question

Income tax is what type of account personal real or nominal

Answer 1

An interesting observations is that real and personal accounts are entered in the Balance Sheet while nominal accounts are entered in the Profit & Loss Account. Golden Rules: ... For personal accounts: Debit the receiver, credit the giver. For nominal accounts: Debit all expenses and losses, credit all incomes and gains.

Answer 2

Explanation:

its personal account...

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