Accountancy, asked by manaskumarchoudhary4, 5 hours ago

what is Nominal Amount?

Answers

Answered by bariksasthi02
2

Answer:

a nominal amount of money is a very small amount which is much less than something is really worth. Transport can be provided for a nominal sum

Answered by barnasaha
8

Answer:

The normal balance is part of the double-entry bookkeeping method and refers to the expected debit or credit balance in a specified account. For example, accounts on the left-hand side of the accounting equation will increase with a debit entry and will have a debit (DR) normal balance.

Explanation:

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