Assistant Accountant Question: Download Questions PDF
Explain each real account and nominal account with examples?
Answer:
Real Account is an account of assets and Liabilities.
► Types of Real account
☛ Furniture Account
☛ Land Account
☛ Machinery Account
☛ Building Account
☛ Goodwill Account
☛ Patents & Trade Marks Account.
☛ Nominal Account is an account of incomes or expenses.
► Types of Nominal account
☛ Salary Account,
☛ Commission Paid/Received Account,
☛ Telephone Expenses Account,
☛ Wages Account,
☛ Printing & Stationery Account,
☛ Interest Paid/Received Account.
► Types of Real account
☛ Furniture Account
☛ Land Account
☛ Machinery Account
☛ Building Account
☛ Goodwill Account
☛ Patents & Trade Marks Account.
☛ Nominal Account is an account of incomes or expenses.
► Types of Nominal account
☛ Salary Account,
☛ Commission Paid/Received Account,
☛ Telephone Expenses Account,
☛ Wages Account,
☛ Printing & Stationery Account,
☛ Interest Paid/Received Account.
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