Which of the Following Is a Nominal (Temporary) Account

question 13

Multiple Choice

Which of the following is a nominal (temporary) account?

• A)Unearned Revenue
• B)Salary Expense
• C)Inventory
• D)Retained Earnings

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Definitions:

Working-Class

A social group consisting of people employed in lower-tier jobs, often involving manual labor and receiving hourly wages.

African American/Black

Pertains to individuals in the United States with origins in any of the black racial groups of Africa.

White Middle-Class

A socioeconomic group characterized by moderate to high income, cultural norms, and educational levels, predominantly of white ethnicity in Western contexts.

Latina

A woman of Latin American origin or descent, often used in the United States to refer to women from Central and South America, as well as the Caribbean.