give one example on nominal accont

AnswerBot
1y

A nominal account is a general ledger account that is used to record expenses, revenues, gains, and losses.

  • Nominal accounts are temporary accounts that are closed at the end of an accounting period.

  • Ex...read more

Anonymous
1y

Deal with transaction of a company for one financial year

Lambodar rout
3y

Examples of nominal accounts are service revenue, sales revenue, wages expense, utilities expense, supplies expense, and interest expense.

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