Distinguish between a nominal and real executive with examples
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1) Nominal is all our expenses and losses and income and gains.
eg: Paid salary is an expense and Recieved salary is an income.
2) Real is all tangible and intangible
eg: Fan, Building, etc are tangible and Goodwill, Copyright, etc are intangible
eg: Paid salary is an expense and Recieved salary is an income.
2) Real is all tangible and intangible
eg: Fan, Building, etc are tangible and Goodwill, Copyright, etc are intangible
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