What are Real Accounts & Nominal Accounts
Accounts are broadly classified into two (2) category namely: Personal Accounts and Impersonal Accounts ( see earlier article).
For Impersonal accounts, they can be sub-divided into (a) Real Accounts & (b) Nominal Accounts. Below explain: Real Accounts: Related to assets or properties which are either:
Nominal Accounts:
|
Related Posts
- Test Questions On Management, Organization Behavioral/Business Management
- The Difference Between Nominal Income And Real Income
- Details Of Ninth Schedule Companies Act 1965(Act No 125)
- Malaysia Financial Reporting Standard (FRS) 111:Construction Contracts
- Technical Summary Of IAS 39 Financial Instruments: Recognition and Measurement
Comments are closed now.