What actually is a nominal ledger. I agree that a NOMINAL ACCOUNT includes all the profit losses purchase and sale But As a nominal accounts are kept inside nominal ledger, my accounting book has included CAPITAL as being in nominal ledger. Please explain what actually is it. What is the difference between nominal ledger and nominal nominal account. and how capital is in nominal account.

What is Account Payable and Account Receivable Reconciliation?

How would you do the Debtors & Creditors Reconciliation manually?

What are the steps you do for Debtors & Creditors Reconciliation manually?

A firm has four technicians, they use their own motorbike for sales purpose, petrol expenses are met by the firm. but can the firm give or make a reserve/provision for meeting the repairs of their vehicles. If so, then what will be journal entry?

What is Fund flow and Cash flow? How to prepare Cash & fund flow statements?