Multiple Choice
Income statement accounts are also known as which of the following?
A) Nominal accounts
B) Real accounts
C) Closing accounts
D) Final accounts
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q60: Morgan Realty reported the following accounts
Q61: All financial statements are prepared using the
Q62: Expense accounts are closed or zeroed out
Q63: A company that forgets to recognize depreciation
Q64: Which of the following adjusting entries involves
Q66: Alexander City Consultants started business on
Q67: On October 31,Michael Corporation signed a one-year
Q68: Calzone,Inc.signs a 9%,four-month,$50,000 loan with Reliable Bank
Q69: Scenic View Foods Corporation<br>The following consolidated statements
Q70: The accounting profession is currently experimenting with