nominal account is classified under
Answers
Answered by
2
Answered by
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:
hope it's helpful to you...
thank uu....
Similar questions