revenue account is nominal account?
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Answered by
1
Answer:
yes, revenue account is a nominal account.
Explanation:
Revenue is considered a nominal account. As a rough measure in accounting, real accounts are accounts reported on the balance sheet, such as assets and liabilities, while nominal accounts are accounts reported on the income statement, such as revenues and expenses.
Answered by
0
Yes it is a nominal account. In rule nominal account is consiste of two items:
1)expenses and losses
2)Incomes and gains
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