JAMB - Accounts Principles Of Accounts (2016 - No. 26)
Impersonal account is subdivided into
real and nominal accounts
nominal and personal accounts
real and current accounts
personal and real accounts
Explanation
IMPERSONAL ACCOUNTS represents accounts other than Personal Accounts. This may be sub-classified into:
a. Real Accounts, e.g. Asset Account; and,
b. Nominal Accounts, e.g. Income and Expenditure Accounts.
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