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What is the Difference between Real Accont and Nominal
Account?
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Answer Posted / rajesh kumar soni
Real account is the account of all assets . For example
Machine A/c, Land A/c etc.
Rule for it........
What comes in Dr.
What goes out Cr.
Nominal account is the account of all expenses and losses.
For example- Salary expenses, Rent Expenses, etc
Rule for it............
All expenses and losses Dr.
All profit and gains Cr.
| Is This Answer Correct ? | 80 Yes | 11 No |
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