In the First Space Below, Indicate Whether Each Account Is

question 80

Essay

In the first space below, indicate whether each account is a real or nominal account using (R) Real Account and (N) Nominal Account. In the second space below, indicate by an (X) if the account should be closed.
N X 0. Advertising Expense
________ ________ 1. Prepaid Insurance
________ ________ 2. Service Fees
________ ________ 3. Depreciation Expense
________ ________ 4. Accumulated Depreciation
________ ________ 5. Salaries Payable
________ ________ 6. Prepaid Rent
________ ________ 7. Income Summary
________ ________ 8. Insurance Expense

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Definitions:

Subjects

The topic or matter being discussed or described in a sentence, paragraph, or work; also individuals or entities that are being studied or observed.

Predicates

In grammar, parts of sentences that express what is said about the subject; in logic, parts of propositions that signify properties or ways of being.

Connective

A logical operator that connects two propositions in a complex statement, like "and", "or", and "if... then".

Subject

The entity being discussed or analyzed, often the focus of a sentence, theory, or experiment.