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Balance sheet accounts are considered to be?
nominal accounts
Is drawings account is Nominal or Personal account?
Drawings Account is a Nominal Account. Nominal accounts record liabilities, expenses, revenues, capital and drawing. Examples of nominal accounts are loan account, sales account, commission received account, salaries account, rent account, capital account, drawings account etc.
Is unearned revenue nominal account?
no!! =) its a real account
What is the nature of the unearned revenue?
unearned revenue falls under the head of nominal account and it is definaltel a liability on the organization.
How you find nominal accounts?
which are is transfer the accounts in other name is nominal accounts
Liabilities is real accounts or nominal accounts?
nominal account.
Is unearned revenue is nominal account?
Unearned ravenue is liability account as revenue is not yet earned but cash received.
What is another name for temporary accounts?
Nominal accounts
The post closing trial balance includes which nominal accounts only real accounts only all accounts listed in the chart of accounts or nominal accounts and real accounts?
You can steal accounts like zoeyfuzzybear247 pass: muffinlove101
Which types of accounts are closed?
Typically, nominal accounts are closed on a periodic basis..iincome and expense are nominal accounts. Real accounts ...such as cash, accounts receivable, accounts payable are real accounts are not closed and are carried forward to subsequenr periods.
Is bad debts a personal account or nominal account?
Bad debts accounts is a nominal account shown in income statement and use to reduce the accounts receivable amount.
Examples of nominal account?
Examples of nominal accounts are losses and expenses of gains or income.
