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What is the difference between nominal and real accounts

What is the difference between "nominal" and "real" accounts.

Why are they so called? What type of information is contained in nominal accounts, and what type in real accounts? Which financial statement contains the information from nominal accounts, and which contains the information from real accounts?

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Accounting Basics: What is the difference between nominal and real accounts

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Accounting Basics: What is the difference between nominal and real accounts

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