Question

What is the rule for nominal account?
please answer​

Answer 1

Answer:

Nominal accounts include the accounts of all expenses and incomes of a business.

✍✍ Thus, the Rule  for recording these transactions is “Debit all expenses and losses and Credit all incomes and gains”.

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Answer 2

Nominal Account:

The rule related to nominal account states that debit all expenses and losses, credit all incomes and gains.

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