Answered: Interest received in advance account is…

Interest received in advance account is a a. Nominal Account b Real Account C.Artificial Personal Account O d. Representative Personal Account

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 14RQ: What does a debit balance in the cash short and over account represent? What does a credit balance...

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Interest received in advance account is a

a. Nominal Account

b Real Account

C.Artificial Personal Account

O d. Representative Personal Account

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