What are Impersonal accounts
What are Impersonal accounts and how it is classified?
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Impersonal accounts: All accounts that are not personal are termed as impersonal accounts. This can be classified into sub part.
(a) Real Account: Real account illustrates the assets.
(b) Nominal Account: Nominal accounts are of expenditures and income. All expenses and income are converted to nominal account.
Required parts are clearly describes at the end of the questions and additional resource contains the journal article related to question three.. Approx 2000 word assignment.. First Question is of not more than 1000 words to make memorandum and its example is given at end of assignment and require
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