Multiple Choice
Which of the following is a nominal (temporary) account?
A) Unearned Revenue
B) Salary Expense
C) Inventory
D) Retained Earnings
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: Nominal (temporary) accounts are revenue, expense, and
Q8: If, during an accounting period, an expense
Q9: An adjusted trial balance<br>A)is prepared after the
Q12: Maintaining a set of accounting records is<br>A)optional.<br>B)required
Q16: At December 31, 2007, Sue's Boutique had
Q17: A journal entry to record a receipt
Q18: A trial balance<br>A)proves that debits and credits
Q42: Stockholders' equity is not affected by all<br>A)
Q115: Which of the following criteria must be
Q143: A general journal chronologically lists transactions and