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    borabora's Avatar
    borabora Posts: 1, Reputation: 1
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    #1

    Sep 8, 2010, 05:49 PM
    Nominal Versus Real Accounts Prepayments
    Identify the accounts that would be used to record the following transaction for a prepayment if the firm used NOMINAL accounts.
    Revenue Expense Liability Asset
    Insurance paid in advance
    Advances from Customers
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 9, 2010, 01:01 AM

    Please see the guidelines for submitting homework problems:
    https://www.askmehelpdesk.com/financ...-b-u-font.html
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