0

Subjects>Business>Accounting

Is depreciation real or nominal account?

Anonymous

∙ 16y ago

Updated: 9/15/2023

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

Alek Batz ∙

Lvl 10

∙ 3y ago

What else can I help you with?

Continue Learning about Accounting

Is accumulated depreciation real or nominal account?

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

Is depreciation account nominal account?

yes ! it comes under nominal account !!

Is depreciation expense is nominal account?

Yes depreciation is a nominal account and used to allocated the portion of fixed cost to income statement as an expense for that specific period.

What is the Difference between accumulated depreciation and depreciation?

Depreciation expense is a nominal account which will goin to net income at the end of term. Accumulated depreciation is a contra account with capital assets which shows up in balance sheet.

Is capital account is real account or nominal account?

Real Account

Related Questions

Is accumulated depreciation real or nominal account?

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

Is depreciation account nominal account?

yes ! it comes under nominal account !!

What type of account is depreciation account?

Nominal A/c

Is depreciation expense is nominal account?

Yes depreciation is a nominal account and used to allocated the portion of fixed cost to income statement as an expense for that specific period.

What is the Difference between accumulated depreciation and depreciation?

Depreciation expense is a nominal account which will goin to net income at the end of term. Accumulated depreciation is a contra account with capital assets which shows up in balance sheet.

Is capital account is real account or nominal account?

Real Account

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

Trending Questions

Are you the people receiving the 2009 stimulas checks in may or June? What is current purchasing power accounting? How do you ensure that the payment is kept safe and secure in the salon? What does a cashier use? Aqw how to manage account? How do you cancel itemised billing on orange? Can you file your income tax if you only worked 6 months? What does business turnover for the month mean? How do i get my 2017 w-2? Is A home file is the place where you should keep financial records that you may need to access regularly? How do you close revenue account? What do you do if you still haven't received your state tax refund and it's been several months? What effect does a closing stock have on cost of sales? Which companies offer compensation software? What expense is entered as a financial ledger? How do you maintain balance on both sides of a sentence? Can the IRS levy bank accounts in Delaware? How long does it take to get your Alabama tax refund back? What is a bank account levy? What services does Carbonite Online PC Backup offer?

Resources

Top Categories

Product

Company

Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.