An example of a nominal account would be
A) Allowance for Doubtful Accounts.
B) Notes Payable.
C) Prepaid Expense.
D) Cost of Goods Sold.

Name: An example of a nominal account would be A) Allowance for Doubtful Accounts. B) Notes Payable. C) Prepaid Expense. D) Cost of Goods Sold.
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Question

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Nominal accounts are those that are closed at the end of each accounting period, which typically include revenue, expense, and withdrawal accounts. Cost of Goods Sold (D) is an expense account, making it a nominal account.

An Example of a Nominal Account Would Be