Question

nominal account explain it​

Answer 1

Explanation:

In accounting, nominal accounts are the general ledger accounts that are closed at the end of each accounting year. ... As a result, the nominal accounts are also referred to as temporary accounts. The closing process also means that each nominal account will start the next accounting year with a zero balance.

Answer 2

Answer:

In accounting, nominal accounts are journal, ledger accounts that are closed at the end of each accounting year, As a result, the nominal accounts are also result , nominal accounts are also referred to as a temporary accounts. The closing process also means that each nominal accounts will start the next accounting year with a zero balance.