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Is depreciation real or nominal account?
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
Is capital account is real account or nominal account?
Real Account
Is accumulated depreciation real or nominal account?
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
Is purchases comes under nominal account or Real Account?
Purchase and sales are comes under Real account. Why because as per real account what comes in debit and what goes out credit that is this one is related to property
Is Sales Account nominal or real account?
real accounts
Is depreciation real or nominal account?
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
Is capital account is real account or nominal account?
Real Account
Is accumulated depreciation real or nominal account?
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
Is purchases comes under nominal account or Real Account?
Purchase and sales are comes under Real account. Why because as per real account what comes in debit and what goes out credit that is this one is related to property
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
Is capital reserve a nominal account or real account?
yes
