New NABARD Grade A : How to prepare ESI for Prelims & Mains- Sources & Strategy
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Question

Which of the following is considered as nominal account?

A Copyright Correct Answer Incorrect Answer
B Goodwill Correct Answer Incorrect Answer
C Trademark Correct Answer Incorrect Answer
D Rent Correct Answer Incorrect Answer

Solution

Rent is considered a nominal account. Nominal accounts are temporary accounts that are closed at the end of an accounting period. Rent is an expense, and expenses fall under nominal accounts. Copyright, Goodwill, and Trademark are examples of intangible assets and are considered real accounts.

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