Question

Acconting what is differns in nominal account real account personal account

Answer 1

The nominal accounts are almost always the income statement accounts such as the accounts for recording revenues, expenses, gains, and losses. ... The real accounts are the balance sheet accounts such as the accounts for recording assets, liabilities, and the owner's (or stockholders') equity.

Answer 2

A Real Account is a general ledger account relating to Assets and Liabilities other than people accounts. These are accounts that don't close at year-end and are carried forward. ... A Nominal account is a General ledger account pertaining to all income, expenses, losses and gains.