Which of the following accounts is NOT a nominal account?
A) Salaries Expense
B) Moriah Paige,Drawing
C) Rent Revenue
D) Office Supplies

Question

Quizplus · Accepted Answer

Nominal accounts are those that are related to expenses, revenues, gains, and losses. Salaries Expense and Rent Revenue are both examples of nominal accounts. Moriah Paige, Drawing is a drawing account and represents withdrawals made by the owner, but it is also considered a nominal account. However, Office Supplies is a type of asset and is classified as a real account.

Which of the Following Accounts Is NOT a Nominal Account