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Is capital reserve a nominal account or real account?

Updated: 9/20/2023

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∙ 12y ago

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yes

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∙ 12y ago

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Q: Is capital reserve a nominal account or real account?

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Continue Learning about Accounting

Is capital account is real account or nominal account?

Real Account

Is depreciation real or nominal account?

It is a real contra account. The nominal account associated with depreciation is depreciation expense.

Is accumulated depreciation real or nominal account?

It is a real contra account. The nominal account associated with depreciation is depreciation expense.

Is Sales Account nominal or real account?

real accounts

Is suspense account a nominal account?

Not necessarily. It can be of any type. Real, Personal or Nominal.

Related questions

Is capital account is real account or nominal account?

Real Account

Is depreciation real or nominal account?

It is a real contra account. The nominal account associated with depreciation is depreciation expense.

Is accumulated depreciation real or nominal account?

It is a real contra account. The nominal account associated with depreciation is depreciation expense.

Is Sales Account nominal or real account?

real accounts

Is suspense account a nominal account?

Not necessarily. It can be of any type. Real, Personal or Nominal.

Liabilities is real accounts or nominal accounts?

nominal account.

Is revaluation account a real account?

yes

Is prepaid insurance account a nominal account?

No, it is a real/permanent account. Insurance expense is a nominal account.

Is unearned revenue nominal account?

no!! =) its a real account

Is inventory a nominal account?

real

Definition of nominal real and personal accounts?

A nominal real account represents incomes, gains, expenses, and losses. A personal account represents a person's and organization's expenses.

Is liability is a real account?

It may be real account or personal account depending upon the type of liabilities. it can however never be a nominal account

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