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is commission paid a nominal account

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is commission paid a nominal account
  • 3 answers

Ananya Aggarwal 5 years, 5 months ago

Yes, commission paid is a nominal account because it is an expense

Tushar Sahni 5 years, 5 months ago

Yes

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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