which are is transfer the accounts in other name is nominal accounts
nominal account.
Nominal accounts
nominal accounts
You can steal accounts like zoeyfuzzybear247 pass: muffinlove101
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.
nominal account.
Nominal accounts
nominal accounts
You can steal accounts like zoeyfuzzybear247 pass: muffinlove101
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.
Bad debts accounts is a nominal account shown in income statement and use to reduce the accounts receivable amount.
Examples of nominal accounts are losses and expenses of gains or income.
nominal
Nominal accounts are closed at the end of each accounting year. In that sense, surely Suspense Account is a Nominal Account.
Nominal accounts
real accounts
nominal accounts