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Is capital account is real account or nominal account?

Anonymous

∙ 13y ago

Updated: 9/22/2023

Real Account

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∙ 13y ago

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Is capital reserve a nominal account or real account?

yes

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 depreciation real or nominal account?

It is a real contra account. The nominal account associated with depreciation is depreciation expense.

Is accumulated depreciation real or nominal account?

It is a real contra account. The nominal account associated with depreciation is depreciation expense.

Is Sales Account nominal or real account?

real accounts

Related Questions

Is capital reserve a nominal account or real account?

yes

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 depreciation real or nominal account?

It is a real contra account. The nominal account associated with depreciation is depreciation expense.

Is accumulated depreciation real or nominal account?

It is a real contra account. The nominal account associated with depreciation is depreciation expense.

Is Sales Account nominal or real account?

real accounts

Is suspense account a nominal account?

Not necessarily. It can be of any type. Real, Personal or Nominal.

Liabilities is real accounts or nominal accounts?

nominal account.

Is A capital account considered a nominal account?

yes it it is because income

Is revaluation account a real account?

yes

Is prepaid insurance account a nominal account?

No, it is a real/permanent account. Insurance expense is a nominal account.

Is unearned revenue nominal account?

no!! =) its a real account

Is inventory a nominal account?

real

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