Solution-Find what type of information contained in nominal

Find what type of information contained in nominal account

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The full "accounting cycle" which culminates in closing the books and producing financial statements. Discuss the differences between Permanent "real" accounts and Temporary ¨nominal¨ accounts:

Problem 1: What type of information is contained in nominal accounts, and what type of information is contained in real accounts?

Problem 2: Which financial statement contains the information from nominal accounts and which contains the information from real accounts?

Problem 3: Provide an example of real accounts and an example of nominal accounts.

Reference no: EM132716597

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Find what type of information contained in nominal account

Reference no: EM132716597

Reference no: EM132716597

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