A nominal account is the same as
A) a real account.
B) a temporary account.
C) an unusual account.
D) a permanent account.

Question

Quizplus · Accepted Answer

Nominal accounts are also known as temporary accounts because they are used to record revenues, expenses, gains, and losses for a specific period of time, usually one accounting period. At the end of the period, the balances in these accounts are transferred to a permanent account called Retained Earnings.

A Nominal Account Is the Same as