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

Question

Quizplus · Accepted Answer

Nominal accounts are accounts that are related to income, expenses, gains, and losses. Salaries Expense, Moriah Paige, Drawing, and Rent Revenue are all nominal accounts as they relate to expenses or revenue. Office Supplies, on the other hand, is an asset account and therefore not a nominal account.

Which of the Following Accounts Is NOT a Nominal Account