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      Question

      Which of the following is a nominal

      account?
      A Machinery Account Correct Answer Incorrect Answer
      B Salaries Account Correct Answer Incorrect Answer
      C Debtors Account Correct Answer Incorrect Answer
      D Bank Account Correct Answer Incorrect Answer

      Solution

      Nominal accounts are accounts related to expenses, losses, incomes, and gains. They are temporary accounts closed at the end of the accounting year. Salaries are an expense, hence a nominal account.

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