As per the Golden rules of accounting, in “Nominal account” Debit means
A. Income & Gains
B. Expenses & Losses
C. What comes in
D. Receiver
Answer:B
As per the Golden rules of accounting, in “Nominal account” Debit means
A. Income & Gains B. Expenses & Losses C. What comes in D. Receiver
Explanation: As per the golden rules of Accounting, Debit means all Expenses and Losses.