Question

Nominal and Real account Discussion ends at a post-closing Trial balance. Do you agree with this
statement? If Yes than how and if ‘No than why?​

Answer 1

Answer:

Temporary – revenues, expenses, dividends (or withdrawals) account. These account balances do not roll over into the next period after closing. The closing process reduces revenue, expense, and dividends account balances (temporary accounts) to zero so they are ready to receive data for the next accounting period.