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8. Regarding nominal and real accounts, which a statement is correct: a. Nominal accounts will be carried forward to coming periods whereas real accounts will
8. Regarding nominal and real accounts, which a statement is correct: a. Nominal accounts will be carried forward to coming periods whereas real accounts will be closed in the profit and loss account at the period end b. Real accounts will be carried forward to coming periods whereas nominal accounts will be closed in the profit and loss account at the period end c. Both real accounts and nominal accounts will be closed in the profit and loss account at the period end d. Both Real accounts and nominal accounts will be carried forward to coming periods sla
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Business Finance
Authors: Eddie McLaney
11th Edition
1292134402, 9781292134406
