CUSTODIAN Definition

CUSTODIAN is an entity entrusted with guarding and keeping property or records.

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NOMINAL CAPITAL is total face value of authorized issuable capital.

IMPERSONAL ACCOUNTS represents accounts other than Personal Accounts. This may be sub-classified into: a. Real Accounts, e.g. Asset Account; and, 2. Nominal Accounts, e.g. Income and Expenditure Accounts.

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