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1) How many types of business transaction are there in accounting?2) Explain the real and nominal account with example ? 3) Which accounting plateform have you worked on?Answer only if u know!!!!!₩ɽø₦₲ ❌₳₦₴₩ɇɽ ₩łⱡⱡ ฿ɇ ɽɇ₱øɽ₮ɇđ!!! |
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Answer» Answer: 1).In business, there are four main types of financial transactions, and they include sales, purchases, receipts, and payments. All financial transactions that occur have an effect on at least two accounts, depending on the type of transaction. One account will increase in value, while the second account decreases. 2). A REAL account in a business is a record of the amount of asset, liability, or owners' equity at a precise moment in time. Nominal accounts summarize a business's REVENUE and expenses over a period of time, such as a year. 3).I have used QuickBooks, which I like for the simple user interface, speed, and accuracy. However, my proficiency lies in NetSuite and Zoho. I've used those programs to to CREATE balance sheets and financial statements |
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