printing & stationary A/c is which type of accont?
blackmask766:
Nominal a/c
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7
Nominal A/c
as it is an expenditure for the business
as it is an expenditure for the business
Answered by
5
Printing and stationary is the expense to the company therefore its a nominal account type
Rule for nominal account
Debit all the expenses and all the losses of the company
Credit all the incomes and all the gains arising in the company
Hence its proved that printing expenses is the expenses therefore its nominal account type .
Printing and stationary account is expenses , therefore its debited in journal entry
Hope its useful..!!
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