Question
Which of the following is considered as nominal
account?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.
Select the phrase/connector from the given three options which can be used to form a single sentence from the two sentences given below, implying the s...
Select the phrase(s) from the given three options which can be used to form a single sentence from the two sentences given below, implying the same mean...
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I was unwilling to go any further. I returned home.
(I) Returning home
(II) Though unwilling to return
(III) Unwilling to go
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