Classify the Following Accounts as Real (Permanent) or Nominal (Temporary)

question 102

Essay

Classify the following accounts as real (permanent) or nominal (temporary), and indicate with an X whether the account is closed. Also, indicate the financial statement in which each account will appear. The Accounts Payable account is given as an example.

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Definitions:

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord, connecting the central nervous system to limbs and organs.

Radio

A technology for transmitting and receiving audio content through electromagnetic waves without requiring a direct line of sight.

Receiver

In communication, the party that receives and processes a message from a sender.

Neuron

A neuron is a nerve cell that is the basic building block of the nervous system, responsible for transmitting information throughout the body.