From the List of Accounts Below, Determine Whether the Account

question 63

Multiple Choice

From the list of accounts below, determine whether the account would be a nominal account or a real account.
-Office Equipment

• A) nominal account
• B) real account

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Definitions:

Purchasing Product

The act of acquiring goods or services in exchange for money.

Act Ethically

The practice of making decisions and taking actions based on ethical principles and values, ensuring fairness, integrity, and respect for others.

Encourage Complaints

A management strategy that involves actively seeking feedback, including negative feedback or complaints, to improve services or address issues.

Catastrophizing

A cognitive distortion involving an irrational thought pattern where one anticipates or exaggerates the worst possible outcome of a situation.