Multiple Choice
Nominal accounts are also called
A) temporary accounts.
B) permanent accounts.
C) real accounts.
D) none of these.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
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
Q20: With a perpetual inventory system, a company
Q21: A journal entry to record a payment
Q22: When a company uses a periodic
Q23: All liability and stockholders' equity accounts are
Q24: Tolan Corp.'s trademark was licensed to
Q115: Which of the following criteria must be
Q143: A general journal chronologically lists transactions and