salary account is which type of account real, personal or nominal
Answers
Answered by
3
Answer:
nominal account.
Explanation:
it may be a personal account if very few employees are in organisation and separate account is maintained for the salary of all.
when aggregate salary account is maintained it is nominal account.
Answered by
0
Answer:
Salary account is an expense account and is a nominal account.
Explanation:
Nominal accounts are typically associated with the income statement, and so are used to record revenues, expenses, gains, and losses. Examples of these accounts are product revenue, the cost of goods sold, compensation expense, and utilities expense.
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