Question
Which of the following is considered as nominal
account?Solution
Rent is considered a nominal account. Nominal accounts are temporary accounts that are closed at the end of an accounting period. Rent is an expense, and expenses fall under nominal accounts. Copyright, Goodwill, and Trademark are examples of intangible assets and are considered real accounts.
Anil and Ashish receive Rs.1400 for work of 7 days. If Anil is 4 times efficient than Ashish, then find the daily wage received by Ashish.
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Efficiency of A is 25% more than B and B takes 30 days to complete a piece of work. A started the work alone and then B joined him 4 days before actual ...
A alone can complete 60% of a work in 36 days while B takes 30 days more than A to complete it. If B and C together can complete the work in 40 days, th...
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6 men and 10 boys can finish a task in 18 days. If each boy is between 1/3rd to equal the efficiency of a man, find the maximum and minimum number of da...
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