is commission paid a nominal account

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Posted by Aami George 5 years, 5 months ago
- 3 answers
Yogita Ingle 5 years, 5 months ago
These accounts do not have any existences form or shape. They relate to incomes and expenses or gains and losses of a business concern. Salary Account Commission Account, Rent Account, Discount Account etc. are examples of nominal accounts.
Yes, commission paid a nominal account.
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Ananya Aggarwal 5 years, 5 months ago
1Thank You