Second Time Asking!ACCOUNTS-FINANCIAL STATEMENTS-REAL/NOMINAL(I asked this question before and my questions is stated below.  In addition to knowing if the account is nominal is Real or Nominal I need to know what FINANCIAL STATEMENT it is on!!)  The individual who answered my question also listed "personal accounts".  I have never heard that term used before!  Please answer the question below.  1) Financial Statement 2) Real or Nominal.Please tell me what Financial Statement or Statements the following accounts appear on. Also please tell me if they are Real or Nominal accounts. Please provide the full answer to the two questions I aksed in depth1) Accumulated Depreciation2) Interest Receivable3) Interest Income4) Supplies Expense5) Depreciation Expense6) Net Income

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Asked Nov 18, 2019
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Second Time Asking!
ACCOUNTS-FINANCIAL STATEMENTS-REAL/NOMINAL

(I asked this question before and my questions is stated below.  In addition to knowing if the account is nominal is Real or Nominal I need to know what FINANCIAL STATEMENT it is on!!)  The individual who answered my question also listed "personal accounts".  I have never heard that term used before!  Please answer the question below.  1) Financial Statement 2) Real or Nominal.


Please tell me what Financial Statement or Statements the following accounts appear on. Also please tell me if they are Real or Nominal accounts. Please provide the full answer to the two questions I aksed in depth


1) Accumulated Depreciation
2) Interest Receivable
3) Interest Income
4) Supplies Expense
5) Depreciation Expense
6) Net Income

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Expert Answer

Step 1

Financial Statements: It records of the financial activities undertaken by a person or business. It helps in understanding the financial position of the business as to where it stands how much ...

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