Accountancy, asked by anbujoshua1972, 5 months ago

nominal account is classified under

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Answered by aryathewarrior
2

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Answered by mariyamkhatun6909786
0

Answer:

A nominal account is an account in which accounting transactions are stored for one fiscal year. At the end of the fiscal year, the balances in these accounts are transferred into permanent accounts.

nominal account is classified under all kinds of expense account, loss account, gain account or income accounts come under the category of nominal account.

Explanation:

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