Question

Name the category of account that is not balanced

Answer 1

Nominal accounts relate to expenses , losses , gains , revenues , etc .

Answer 2

The answer to this question is nominal accounts.

It is because they are only transfers.

It is significant to know that the nominal accounts actually elate to revenues, gains, losses, expenses and much more.

The transactions are recorded for only one financial year in the nominal accounts.

The expenses of nominal accounts are expenses that charge against the profit.