what type of a/c these accounts are are tey real, nominal
or personal (1)realisation a/c (2)new company a/c(3)equity
share holders a/c
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Answer / Anant Prasad Vema
Realization Account, New Company Account, and Equity Shareholders Account are Nominal (also known as Unrealized) Accounts. These accounts do not represent assets or liabilities that can be physically touched or have a monetary value. Instead, they are used to record the changes in the balance sheet for various purposes.
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