Business, 02.11.2019 07:31, camidevecchis15

"which one of the following statements is true?
a. bad debts expense is a real account and remains open at the end of the fiscal period, while allowance for doubtful accounts is a nominal account and is closed at the end of the fiscal period.
b. bad debts expense and allowance for doubtful accounts are both nominal accounts and are closed at the end of the fiscal period.
c. bad debts expense and allowance for doubtful accounts are both real accounts and neither are closed at the end of the fiscal period.
d. bad debts expense is a nominal account and is closed at the end of the fiscal period, while allowance for doubtful accounts is a real account and remains open at the end of the fiscal period."

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"which one of the following statements is true?
a. bad debts expense is a real account and r...