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What is the Difference between Real Accont and Nominal
Account?
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Answer Posted / 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.
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