Tags Business Accounting and Bookkeeping

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Accounting

Is interest on capital a personal real or nominal account?

Updated: 10/16/2024

Wiki User

∙ 11y ago

Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts

Q: Is interest on capital a personal real or nominal account?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Accounting

Is drawings account is Nominal or Personal account?

Drawings Account is a Nominal Account. Nominal accounts record liabilities, expenses, revenues, capital and drawing. Examples of nominal accounts are loan account, sales account, commission received account, salaries account, rent account, capital account, drawings account etc.

Is capital account is real account or nominal account?

Real Account

Is suspense account a nominal account?

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

Is capital reserve a nominal account or real account?

yes

Is prepaid insurance account a nominal account?

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

Related questions

Is drawings account is Nominal or Personal account?

Drawings Account is a Nominal Account. Nominal accounts record liabilities, expenses, revenues, capital and drawing. Examples of nominal accounts are loan account, sales account, commission received account, salaries account, rent account, capital account, drawings account etc.

Is capital account is real account or nominal account?

Real Account

Is suspense account a nominal account?

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

Is capital reserve a nominal account or real account?

yes

Is prepaid insurance account a nominal account?

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

Is outstanding salary nominal account?

no,it's personal account.

Is A capital account considered a nominal account?

yes it it is because income

How do you calculate nominal interest rate?

Nominal interest, is the amount of interest on a loan or investment that does not take into account inflation; it's the amount of interest listed on the loan or bond.

Is investment ac is nominal account?

Investment A/C is personal account

Is bad debts a personal account or nominal account?

Bad debts accounts is a nominal account shown in income statement and use to reduce the accounts receivable amount.

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 loan account real nominal or personal?

Loan account is a personal account in nature so increase with debit and decrease with credit.

Trending Questions

How do you access your last four pay stubs from Tyson foods in noel mo? How many mils in one dollar? What exactly is federal income tax return? What is the cost of coleslaw? Reconcile the following bank statement Ending Balance 159.75 Outstanding Deposits 175.46 Outstanding Checks 231.69? What is benefit of sound accounting system to management? How does phh report to the credit agencies? How did March get its name? What does the IRS reference number 1081 mean? Accounting treatment for customer advanced deposit? Where online can one find information about insurance accounting? What is stb check card charge? Will removing an authorized account that has a high balance raise the fico score of the authorized user? How do you know what the account number is on a check? Which financial statement would provide the best information to know the amount of the business's owner equity? How to write a letter to bank manager for handover my atm to my friend? What do you understand by analysis and interpretation of financial statement? What type of pecuniary liability when dealing with erroneous payments? What is the effect when services are performed on account? What is a single liability?

Still have questions?

imp

Previously Viewed

Is interest on capital a personal real or nominal account?

Unanswered Questions

How do you ensure the integrity and confidentiality of the evidence during the forensics process? Do chips Indian products come in different packaging sizes? Are there exclusive deals on New Year Packages 2025 for early bookings? What maintenance procedures do you recommend to preserve the quality and longevity of Italian marble surfaces? What are some common habits that positively impact mental and physical health? Can you explain the ear suction process and how it works? what is this word in number form Three thousand, four hundred five and fifteen hundredths? How can problem-solving techniques be adapted for both individual and team settings?

Resources

Top Categories

Product

Company

Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.