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Is capital account is real account or nominal account?
Real Account
Is debtor account a real account?
Yes, it is a real account
Is Sales Account nominal or real account?
real accounts
Is Investment Account a Real Account?
it is a personal account
Is accumulated depreciation a real or temporary account and why?
It's a real account. Easy way to remember it is by remembering the accounting formula. Assets= Liabilities+ Capital- Withdrawals+ Revenue- Expenses Withdrawals, Revenue and Expenses are temporary and get closed at the end of the accounting cycle. Since Accumulated Depreciation falls under the Assets account and is a contra asset
Is capital account is real account or nominal account?
Real Account
Is debtor account a real account?
Yes, it is a real account
Is Sales Account nominal or real account?
real accounts
Why real account is called real account?
Because these are the only accounts which have real existance like cash account and bank account other accounts are just in books of accounts and no real physical existance.
Is Investment Account a Real Account?
it is a personal account
Is investment account real account?
it is a personal account
Is accumulated depreciation a real or temporary account and why?
It's a real account. Easy way to remember it is by remembering the accounting formula. Assets= Liabilities+ Capital- Withdrawals+ Revenue- Expenses Withdrawals, Revenue and Expenses are temporary and get closed at the end of the accounting cycle. Since Accumulated Depreciation falls under the Assets account and is a contra asset
Is Georgia Groome's real Twitter account georgiagroome?
Yes, that is her real account.
What is Zayn Malik's real account?
zayn's real twitter account is @zaynmalik
Is depreciation real or nominal account?
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
Is liability is a real account?
It may be real account or personal account depending upon the type of liabilities. it can however never be a nominal account
Is cash account real account?
yes cash account is a real account cause it wll not come under persanal account ( consist of bank and peoples account) and not a nominal account( consist of incomes and expenses)
