What is the Difference between Real Accont and Nominal
Account?
- 16 Answers
- 58533 Views
- GE, KPMG, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / saurabh awhate
Real Account is the account of things & assets and N qpminal account is the account of expenses income & losses
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / abhijeet kumar
real a/c which can see and touch and fill that is the real
account and dr. comes and cr. is goes out.
nominal a/c which can not touch and see that cauld nominal
a/c and dr. goes cr. is comes
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / 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 |
Answer / vinod
Real accounts have balance c/f and b/f,however nominal
accounts are closed at the end of an year i.e through income
statement.two types of nominal accounts are expenses and
income and real accounts are assets,liabilities and capital
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / saravanan s
Real account
Example: If u are permanent in ur organsiation. That is a
real account.
Nominal account:
Example: If u Temporary in ur organistion. that is nominal
account.
Why?
Because nominal account will be closed at the year end.
but real account exist till the asset exist.
| Is This Answer Correct ? | 2 Yes | 1 No |
Expand A V
why do u prepare trial balance
npv, arbitrage
Difference between Income & Expenditure A/c AND P/L a/c.
6 Answers HCL, Radico Khaitan, Siemens,
what is difference between cost A/c #advanced management A/c
Expand-------BANT
are you a gay?
Expand CCA?
EXPAND___________MOA
What if FICR?
Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...
What is the rule of accounting
Audit 
