PARRISH 1-4 (Assets, Liabilites, Equity/Real or Nominal)I have attached an Excel sheet listing the different account asking if they are Assets, Liabilities, and Equity. Also if they are Real or Nominal accounts. I believe that Smith, Drawings would be a Real account but I have received an answer on Bartleby's that it is a Personal and Nominal account. Please double check and be certain that the response is accurate. Thank you. AccountParticularsNo.Assets or Liability or Equity Real or NominalReal AccountNominal AccountNominal AccountReal AccountReal AccountReal AccountReal AccountReal AccountNominal AccountNominal AccountAccounts PayableService fees revenues EquityTax expenseLiability1.EquityAssetCash4Interest receivableAccounts receivableSmith, drawingsRetained earningsDepreciation expense EquityAssetAsset6.EquityEquityEquityInterest income10

Name: PARRISH 1-4 (Assets, Liabilites, Equity/Real or Nominal)I have attache
Uploaded: 2024-03-04T10:43:15.000Z
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Description: PARRISH 1-4 (Assets, Liabilites, Equity/Real or Nominal)I have attached an Excel sheet listing the different account asking if they are Assets, Liabilities, and Equity. Also if they are Real or Nominal accounts. I believe that Smith, Drawings would

Account:A record, that documents or records the changes in assets, liabilities, or equity for a…

Answered: Account Particulars No. Assets or…

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter11: Auditing Inventory, Goods And Services, And Accounts Payable: The Acquisition And Payment Cycle

Section: Chapter Questions

Problem 4RQSC

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PARRISH 1-4 (Assets, Liabilites, Equity/Real or Nominal)

I have attached an Excel sheet listing the different account asking if they are Assets, Liabilities, and Equity. Also if they are Real or Nominal accounts. I believe that Smith, Drawings would be a Real account but I have received an answer on Bartleby's that it is a Personal and Nominal account. Please double check and be certain that the response is accurate. Thank you.

Account
Particulars
No.
Assets or Liability or Equity Real or Nominal
Real Account
Nominal Account
Nominal Account
Real Account
Real Account
Real Account
Real Account
Real Account
Nominal Account
Nominal Account
Accounts Payable
Service fees revenues Equity
Tax expense
Liability
1.
Equity
Asset
Cash
4
Interest receivable
Accounts receivable
Smith, drawings
Retained earnings
Depreciation expense Equity
Asset
Asset
6.
Equity
Equity
Equity
Interest income
10

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