Explain real and nominal accounts with examples. ...

1.	Explain real and nominal accounts with examples. ...
Answer» Answer: A real account in a business is a record of the amount of asset, LIABILITY, or OWNERS' equity at a precise MOMENT in time. Nominal accounts summarize a business's revenue and expenses over a period of time, such as a year. example, real accounts are the balance sheet accounts which include the following: Asset accounts (cash, accounts receivable, buildings, etc.) Liability accounts (notes payable, accounts payable, wages payable, etc.) Stockholders' equity accounts (common stock, RETAINED earnings, etc.) EXPLANATION: hope it helps you....!!^_^

Answer»

Answer:

A real account in a business is a record of the amount of asset, LIABILITY, or OWNERS' equity at a precise MOMENT in time. Nominal accounts summarize a business's revenue and expenses over a period of time, such as a year.

example,

real accounts are the balance sheet accounts which include the following: Asset accounts (cash, accounts receivable, buildings, etc.) Liability accounts (notes payable, accounts payable, wages payable, etc.) Stockholders' equity accounts (common stock, RETAINED earnings, etc.)

EXPLANATION:

hope it helps you....!!^_^

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Explain real and nominal accounts with examples. ...​

A real account in a business is a record of the amount of asset, LIABILITY, or OWNERS' equity at a precise MOMENT in time. Nominal accounts summarize a business's revenue and expenses over a period of time, such as a year.

example,

real accounts are the balance sheet accounts which include the following: Asset accounts (cash, accounts receivable, buildings, etc.) Liability accounts (notes payable, accounts payable, wages payable, etc.) Stockholders' equity accounts (common stock, RETAINED earnings, etc.)

hope it helps you....!!^_^

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Explain real and nominal accounts with examples. ...