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all expenses are included in the nominal a/c.

illustration :- commission, discount,consignment a/c rent , salary etc.

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How you find nominal accounts?

which are is transfer the accounts in other name is nominal accounts


Liabilities is real accounts or nominal accounts?

nominal account.


Balance sheet accounts are considered to be?

nominal accounts


What is another name for temporary accounts?

Nominal accounts


The post closing trial balance includes which nominal accounts only real accounts only all accounts listed in the chart of accounts or nominal accounts and real accounts?

You can steal accounts like zoeyfuzzybear247 pass: muffinlove101


Which types of accounts are closed?

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.


Is bad debts a personal account or nominal account?

Bad debts accounts is a nominal account shown in income statement and use to reduce the accounts receivable amount.


Examples of nominal account?

Examples of nominal accounts are losses and expenses of gains or income.


What is the trail balance?

If you are referring to a Trial Balance in Accounting, the Trial Balance is a list of nominal ledger (general ledger) accounts contained in the Ledger of a Business.


Which type of accounts relating to losses and incomes is?

nominal


Is suspense account is a nominal account?

Nominal accounts are closed at the end of each accounting year. In that sense, surely Suspense Account is a Nominal Account.


What is trial balace?

A trial balance is a list of all the nominal ledger (general ledger) accounts contained in the ledger of a business. This list will contain the name of the nominal ledger account and the value of that nominal ledger account. The value of the nominal ledger will hold either a debit balance value or a credit value balance. The debit balance values will be listed in the debit column of the trial balance and the credit value balance will be listed in the credit column. The profit and loss statement and balance sheet and other financial reports can then be produced using the ledger accounts listed on the trial balance...cj pulgar