Nominal accounts are also called
A) temporary accounts.
B) permanent accounts.
C) real accounts.
D) None of these answer choices are correct.

Name: Nominal accounts are also called A) temporary accounts. B) permanent accounts. C) real accounts. D) None of these answer choices are correct.
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Question

Quizplus · Accepted Answer

Nominal accounts are temporary accounts that represent revenues, expenses, gains and losses. They are closed at the end of every accounting period to zero out their balances in preparation for the next period.

Nominal Accounts Are Also Called