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Accrued. What is it? Explain the word
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Answer / vinay valmiki
an amount which has been earned ( int,comn,brkg etc) but
not recievesd by the time of closing the book of a/c
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Why Copyrights,patents,goodwill etc.etc. falls under real account and not nominal or personal account? I know anything which affect trading & Profit & Loss accounts are nominal accounts.And the above do not affect the Trading or P/L accounts but on the other hand they are intangible and neither can they fall under real accounts as Real accounts are those that are not personal and they are tangible. Again in another way if we see, Patents, Copyright ,Goodwill etc. etc. kindoff acts as a representative of a person or a company like in the same way as a Bank or Company name,so they can they not fall under Personal Account??
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Hello to every body ... Its not its not a interview question In accounting field can we make Money ?
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Audit 
