Question

what is the rule of recording transaction in a nominal account?​

Answer 1

Answer:

The Rules of Nominal Account

The golden rules to record any transaction under nominal accounts are: 1.) Debit all the expenses and losses. 2.) Credit all the income and gains.

Answer 2

Answer:

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The Rules of Nominal Account

The golden rules to record any transaction under nominal accounts are: 1.) Debit all the expenses and losses. 2.) Credit all the income and gains.