Question

identify the nominal account​

Answer 1

Answer:

An electropositive element is one that has tendency to lose electrons and form positively charged ion. Metals like Na, Mg, K, Ca, Fe, Zn lose electrons and form positively charged ion. Due to this metals are called electropositive elements.

Answer 2

Answer:

A nominal account is an account in which accounting transactions are stored for one fiscal year. At the end of the fiscal year, the balances in theseaccounts are transferred into permanent accounts

Examples of nominal accounts are service revenue, sales revenue, wages expense, utilities expense, supplies expense, and interest expense.