The full “accounting cycle” which culminates in closing the books and producing financial statements. Discuss the differences between Permanent “real” accounts and Temporary ¨nominal¨ accounts:
What type of information is contained in nominal accounts, and what type of information is contained in real accounts?
Which financial statement contains the information from nominal accounts and which contains the information from real accounts?
Provide an example of real accounts and an example of nominal accounts.
Your Discussion should be a minimum of 250 words in length and not more than 450 words. Please include a word count. Following the APA standard, use references and in-text citations for the textbook and any other sources.
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