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What is the Difference between Real Accont and Nominal
Account?
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Answer Posted / nnvamshi
Real account which represents assets & Investments &
Nominal account which represents Expenses,Losses,Income &
Gains
Real Account: s Debit - what comes in and
Credit - what goes out
Nominal Account: Debit all Expenses & Losses
Credit all incomes & Gains
| Is This Answer Correct ? | 215 Yes | 15 No |
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