nominal a/c
a real a/c
personal a/c
either nominal or real a/c
✅ The correct answer is A.
Process a/c is nominal a/c. A process account which is similar to a ledger account in financial accounting is an equivalent of a nominal account.
Process a/c is nominal a/c. A process account which is similar to a ledger account in financial accounting is an equivalent of a nominal account.