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Explain real and nominal accounts with examples?

Major Accounts National Accounts Banking &amp Finance Accounts
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Question added by Lebogsng Molefe , Accounting , Poly New Consultancy
Date Posted: 2019/11/21
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Lebogsng Molefe
by Lebogsng Molefe , Accounting , Poly New Consultancy

A real account is an account of assets and liabilities. Example:  building account etc

A nominal account is an account of income  and expenses Example: salaries account, telephone account etc

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