Account of expenses, losses, gains, and incomes is called the Nominal account. Profit and Loss Account contains all indirect expenses and indirect incomes of the firm. Therefore, Profit and Loss Account is a Nominal Account and not a real account.
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If you are developing software products, run complex projects, you should ... All the same, to make the right choice of an SDLC methodology, you ... Generally, there are stages involved in all the different methodologies. ... You will therefore have to keep both the old and new systems running for some time.
