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What is the Difference between Real Accont and Nominal
Account?
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Answer Posted / dasapp s
Real account which represents the purchases and sales
(Inclueds fixed assets and daily transactions)
Real Account:- Debit what comes in and Credit what goes out.
Naminal accounts represents the expenses and incomes (Both
Direct and indirect expeses)
Naminal Account:-Debit all expenses and losses Credit all
incomes and gains.
| Is This Answer Correct ? | 2 Yes | 0 No |
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