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Question
what is difference between nominal and real account
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is difference between nominal and real account
Answer
# 1
real a/c "dr. what comes in and cr. what goes out"
 
nominal a/c "dr. alll the expenses and losses cr. all the 
profit and gains"
 
Is This Answer Correct ?    17 Yes 0 No
Anil Gautam
 
  Re: what is difference between nominal and real account
Answer
# 2
Nominal accounts helps us to know the result of the venture
Real accounts will be placed in Balance sheet and will help 
us to know the financial status of the orgonisation
 
Is This Answer Correct ?    5 Yes 1 No
Satyanarayana Raju
 
 
 
  Re: what is difference between nominal and real account
Answer
# 3
Real accounts only deals with the assets but nominal 
accounts deals with expenses and incomes.
 
Is This Answer Correct ?    7 Yes 1 No
Santau Das
 
  Re: what is difference between nominal and real account
Answer
# 4
Accounts dealing in properties, such as Cash,Building, 
Machinery etc., are known as Real Accounts.

Accounts that record expenses,losses and incomes are called 
Nominal Accounts
 
Is This Answer Correct ?    2 Yes 2 No
Ashwini
 
  Re: what is difference between nominal and real account
Answer
# 5
real a/c includes all assets n properties but nominal a/c
includes all expenses n losses
 
Is This Answer Correct ?    0 Yes 0 No
Aurosnigdha Bose
 

 
 
 
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