2) Accounts of expenses &
incomes *
real
nominal
O personal
O This is a required question​

1 thought on “2) Accounts of expenses &<br />incomes *<br />real<br />nominal<br />O personal<br />O This is a required question​”

1. Answer:

   Real accounts are those reported in the balance sheet, which is the summary of the assets, liabilities, and owners’ equities of a business. … Nominal accounts are those reported in the income statement, which is the summary of the revenue and expenses of a business for a period of time.

   Reply