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What type of information is contained in nominal accounts

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Reference no: EM132645322

Discuss the differences between Permanent "real" accounts and Temporary ¨nominal¨ accounts:

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

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

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

Reference no: EM132645322

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