Accountancy, asked by Arjunparmar252004, 3 months ago

Outstanding income
is which type of account personal nominal or real a/c

Answers

Answered by anushka2146

1

Answer:

A nominal account includes all the accounts of incomes and expenses of a business. Commission received represents an income of the business and is credited to the Profit & Loss A/c, following the rule of nominal account. Explanation: Outstanding wages is classified as a personal account and not a nominal account.

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