Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
What is the difference between "nominal" and "real" accounts. Why are they so called? What type of information is contained in nominal accounts, and
What is the difference between "nominal" and "real" accounts. Why are they so called? What type of information is contained in nominal accounts, and what type in real accounts? Which financial statement contains the information from nominal accounts, and which contains the information from real accounts?
