Accountancy, asked by Nemo12, 1 year ago

revenue account is nominal account?​

Answers

Answered by jeany05
1

Answer:

yes, revenue account is a nominal account.

Explanation:

Revenue is considered a nominal account. As a rough measure in accounting, real accounts are accounts reported on the balance sheet, such as assets and liabilities, while nominal accounts are accounts reported on the income statement, such as revenues and expenses.

Answered by av5941236
0

Yes it is a nominal account. In rule nominal account is consiste of two items:

1)expenses and losses

2)Incomes and gains

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