rent, salaries and wages paid are:
Nominal accounts
(6)
Re
(c)
Personal accounts
(d) N
The claim of the supplier in the business is called:
(a) Revenue
Expense
(d)
Ahmed, s account is an example of:
(c)
(a) Personal account
e a
(c) Nominal account
How many categories of accounts are:
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Answer:
rent ,salaries,wages are expense of the company
therefore it is nominal account
The claim of the supplier is called as Owner equity
The categories into which transactions are classified are called accounts, and, as you have seen, there are three broad categories: assets, liabilities, and equity.
Explanation:
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