Nominal Accounts Are Also Called

question 60

Multiple Choice

Nominal accounts are also called

• A) temporary accounts.
• B) permanent accounts.
• C) real accounts.
• D) None of these answers are correct.

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Definitions:

Whaling Attacks

Sophisticated phishing schemes that target high-profile individuals within organizations, like executives, to gain access to sensitive data.

Financial Institutions

Organizations that conduct financial transactions such as investments, loans, and deposits.

Blacklisted

Being placed on a list that denotes disapproval or prohibition, often preventing transactions or access due to violations or distrust.

Whitelisted

Added to a list that grants permission or access, typically used in security to designate approved entities.