New Enroll in RBI Grade B New Batch - Starts on May 21

    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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