Question
Which of the following is a nominal
account?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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The road accident led to his loss of memory.
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He don’t have enough time to complete the project.
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We generally select one of the most intelligent student of the school for this award. Â
