Parrish Homework 1 (What type of account) This is the THIRD time I have had to ask this question, because the individual responding either didn't read my question thoroughly and some other reason. I need to know what type of account the following are and if they are Real or Nominal. And yes I know Real/Permanent and Nominal/Temporary are the same! 1) Interest Income (Income is considered Revenue is that correct)2) Smith, Drawings3) RE 1/1 Balance
Parrish Homework 1 (What type of account) This is the THIRD time I have had to ask this question, because the individual responding either didn't read my question thoroughly and some other reason. I need to know what type of account the following are and if they are Real or Nominal. And yes I know Real/Permanent and Nominal/Temporary are the same! 1) Interest Income (Income is considered Revenue is that correct)2) Smith, Drawings3) RE 1/1 Balance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Parrish Homework 1 (What type of account)
This is the THIRD time I have had to ask this question, because the individual responding either didn't read my question thoroughly and some other reason.
I need to know what type of account the following are and if they are Real or Nominal. And yes I know Real/Permanent and Nominal/Temporary are the same!
1) Interest Income (Income is considered Revenue is that correct)
2) Smith, Drawings
3) RE 1/1 Balance
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