Question: A difference between real accounts and nominal accounts is that A . Real accounts are listed in the income statement; nominal accounts are listed in
A difference between real accounts and nominal accounts is that
A
Real accounts are listed in the income statement; nominal accounts are listed in the balance sheet.
B
Nominal accounts are used for intangible assets; real accounts are used for tangible assets.
C
Real accounts may carry forward a nonzero balance from one accounting period to the next.
D
Reversing entries affect only real accounts.
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