Accountancy, asked by naima4149, 8 months ago

Income tax is which type of account ?

Answers

Answered by kkamran64145
2

Answer:

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. ... For nominal accounts: Debit all expenses and losses, credit all incomes and gains.

Answered by aksharapalakattu85
3

Answer:

It is style of liability ,business and government tax account

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