The account that records expenses, gains and losses is
A. Personal account
B. Real account
C. Nominal account
D. None of the above
Answer: Option C
Solution(By Examveda Team)
The account that records expenses, gains and losses is Nominal account. A nominal account is an account in which accounting transactions are stored for one fiscal year.This Question Belongs to Commerce >> Accounting
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By Gh. Murtaza