Question

20 examples of nominal account

Answer 1

Answer:

1. interest received
2. interest paid
3. interest paid in advance
4. interest received in advance
5. salary paid
6. outstanding salary
7. prepaid salary
8. rent paid
9. rent outstanding
10. prepaid rent
11. commission received
12. rent received
13. commission paid
14. commission outstanding
15. accrued commission
16. purchase goods
17. sale goods
18. drawing of goods
19. drawing of cash
20. insurance premium paid.