Question

Is depriciation a nominal account
Only let expert answer

Answer 1

Answer:

yes it is nominal account

Explanation:

golden rule of nominal account is

dr.all expenses and losses

cr. all income and gain

depreciation is the continuous decrease in value of the asset I.e it loss

Answer 2

Answer:

according to the golden rule,nominal account depriciaton is an expenses so deprivation account will be debited .And yes depreciation is a nominal account.

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