The accounts that records expenses, gains and losses are
A)Personal accounts
B)Real accounts
C)Nominal accounts
D)None of the above

Name: The accounts that records expenses, gains and losses are A)Personal accounts B)Real accounts C)Nominal accounts D)None of the above
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Nominal accounts are used to record expenses, gains, and losses. They are also known as income statement accounts because they are used to track the financial performance of a business over a specific period.

The Accounts That Records Expenses, Gains and Losses Are