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Is capital reserve a nominal account or real account?

Anonymous

∙ 13y ago

Updated: 9/20/2023

yes

Wiki User

∙ 13y ago

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Is capital account is real account or nominal account?

Real Account

Is interest on capital a personal real or nominal account?

Interest on capital is considered a nominal account. Nominal accounts are associated with expenses, incomes, gains, and losses, and they are closed at the end of an accounting period. Since interest on capital represents a cost or an expense incurred by a business, it falls under this category.

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 account is real account or nominal account?

Real Account

Is interest on capital a personal real or nominal account?

Interest on capital is considered a nominal account. Nominal accounts are associated with expenses, incomes, gains, and losses, and they are closed at the end of an accounting period. Since interest on capital represents a cost or an expense incurred by a business, it falls under this category.

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 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

Definition of nominal real and personal accounts?

A nominal real account represents incomes, gains, expenses, and losses. A personal account represents a person's and organization's expenses.

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