Accountancy, asked by raotv03, 9 months ago

what is a nominal account, personal account

Answers

Answered by Anonymous

A personal account is an account for use by an individual for that person's own needs. It is a relative term to differentiate them from those accounts for business or corporate use.

Answered by harshitapandey19

Answer:

*****NOMINAL ACCOUNT******

An account recording the financial transactions of a business in a particular category, rather than with a person or other organization.

******PERSONAL ACCOUNT*******

A personal account is an account for use by an individual for that person's own needs. It is a relative term to differentiate them from thoseaccounts for business or corporate use.

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