True/False
A temporary account is also known as a nominal account.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q159: The owner's Capital,Withdrawals,and Income Summary accounts for
Q160: The post-closing trial balance differs from the
Q161: Why will the Income Summary account never
Q162: Below are the adjusted accounts of Sterling
Q163: Supplies Expense is a temporary account.
Q165: The owner's Capital,Withdrawals,and Income Summary accounts for
Q166: Adele Connor is the manager of Midland
Q167: Which of the following accounts is not
Q168: The entry to close the Withdrawals account
Q169: Using the information below from the Income