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In the Table Below,indicate with an "X" in the Proper

question 66

Essay

In the table below,indicate with an "X" in the proper column whether the account is a temporary (nominal)account or a permanent (real)account. In the table below,indicate with an  X  in the proper column whether the account is a temporary (nominal)account or a permanent (real)account.


Definitions:

Rupees

The standard monetary unit of India, also used in a few other countries.

Goods, Services

are the material items (goods) and intangible benefits (services) that fulfill consumer needs and wants.

Assets

Economic resources owned or controlled by an individual or company, expected to provide future benefits.

Currency

A system of money in general use in a particular country.

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