Question

Name the category of account which is not balanced

Answer 1

hey mate ur ans
Nominal accounts relate to expenses , losses , gains , revenues , e
hope it helps

Answer 2

Accounting Auditing Cost AccountingFinancial Accounting managerial accounting

BALANCE SHEET COME UNDER WHICH TYPE OF ACCOUNT A)PERSONAL ACCOUNT B)REAL ACCOUNT C)NOMINAL ACCOUNT D)ALL ABOVE



Mohammed Naimath ullah sajid
senior accountant - The Bookshop Trading Company llc

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by Lesley Lanag, CPA, CMA (Finalist) , Senior Accountant, Takaful Emarat Insurance (P.S.C) - 3 years ago

B. Real account

 

Balance sheet accounts are real accounts (includes assets, liabilities and shareholder's equity accounts). They are called as such because we need not to close them. Income statement accounts are nominal accounts that need to be closed at the end of every accounting period

 

A.  Is not correct. There are only two types, real or nominal. 

C. Is not correct. Please see explanation above

D. A and C have been eliminated so it can not be all of the above