The account that records expenses gains and losses is ........

Accountancy (Phase -I & II) Company Final Accounts

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The account that records expenses, gains and losses is

Personal account

Real account

Nominal account

None of the above

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Explanation:

The account that records expenses, gains and losses is Nominal account. A nominal account is an account in which accounting transactions are stored for one fiscal year and records the financial transactions of a business in a particular category, rather than with a person or other organization

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