A temporary account is also known as a nominal account.

Name: A temporary account is also known as a nominal account.
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A temporary account is also known as a nominal account because it is used to record income, expenses, gains, and losses for a specific period of time, such as a fiscal year. It is temporary because its balance is closed at the end of the period and transferred to the retained earnings account or income summary account.

A Temporary Account Is Also Known as a Nominal Account