Question
Accounts relating to income, revenue, gain expenses,
and losses are termed as:Solution
Accounts relating to income, revenue, expenses, and losses are termed as Nominal Accounts. Nominal accounts are temporary accounts that are used to record the financial performance of a business during a specific accounting period, and their balances are closed at the end of each accounting period to determine the net profit or loss.
The "Yuva Yogine" (Mukhyamantri Yuva Udyami Vikas Abhiyan) scheme, recently in news, was launched by which state to promote youth entrepreneurship?Â
Vice President of India who served for two consecutive terms:
Which State of India is located in the north of tropic of Cancer?
Which theory describes the collective effects of changes in Earth's movements on its climate over thousands of years?
Under which article can Parliament set a condition for employment within the state or union territory?
Which of the following is a function performed by commercial banks in India?
Which city is called the ‘Manchester of India’?
Pellagra is a condition associated with the deficiency of which vitamin?
What was the official theme of World Contraception Day 2025?
For the increase in the pace of construction of National Highways in the country the Union Minister Nitin Gadkari has stated that the work will go on at...
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