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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.
Fundamental Rights are enumerated in the Constitution of India under which of the following Parts?
Which country will host the 2030 Winter Olympics as announced by the International Olympic Committee (IOC)?
The central bank has eased the credit concentration risk norms for non-banking finance companies in the middle layer (ML) and base layer (BL), bringing ...
Which Indian actor won the Best Actor award at the 2024 Cannes Film Festival?
One mole of Aluminium Sulphate (Al₂(SO₄)₃) contains how many moles of oxygen atoms?
The UN Convention on the Law of the Sea (UNCLOS) came into existence?
The recently discussed 'Democracy Report 2024' has been released by which of the following?