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Trading account is:

A. Personal B. Real C. Nominal

Accounting Auditing Cost Accounting Bank Accounting managerial accounting
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Question added by Mohammad Ali , Accounts Officer ( Contract) , Bharat Pumps & Compressors Ltd Naini Allahabad
Date Posted: 2014/12/12
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VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Though Nominal accounts are reported on the income statement , Trading account is an income statement as it is not an account of routine in nature for regular purposes.

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