say an example for nominal account plz!?

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an eaxample for nominal account where it appears on both debit and credit side. plz reply immediately!!!!!

pls write the entry also! i cannot understand.

2007-06-27 02:25:30 · update #1

A Petty Cash account is nominal

2007-06-25 02:30:11 · answer #1 · answered by Terri J 7 · 0⤊ 0⤋

bad debts,investment,sales,purchases are all nominal accounts

2007-06-25 12:04:33 · answer #2 · answered by sweetnectar2005 2 · 0⤊ 0⤋

third party account

2007-06-26 02:45:03 · answer #3 · answered by Anonymous · 0⤊ 0⤋