It is a real contra account. The nominal account associated with depreciation is depreciation expense.
Real Account
Yes. Profit and loss account is a nominal account and also trading a/c to be prepared at the end of the year.
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
real accounts
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
Real Account
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
Yes. Profit and loss account is a nominal account and also trading a/c to be prepared at the end of the year.
real accounts
Not necessarily. It can be of any type. Real, Personal or Nominal.
nominal account.
yes
No, it is a real/permanent account. Insurance expense is a nominal account.
no!! =) its a real account
real
yes