Distinguish between (a) Real and nominal accounts, (b) General journal and special journals, and (c) General ledger

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Distinguish between
(a) Real and nominal accounts,
(b) General journal and special journals, and
(c) General ledger and subsidiary ledgers.

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 05:02 AM

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Distinguish between (a) Real and nominal accounts, (b) General journal and special journals, and (c) General ledger

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a Real accounts are balance sheet accounts not closed to a zero balance in the closing process No...View the full answer

Intermediate Accounting

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