From the List of Accounts Below, Determine Whether the Account

question 154

Multiple Choice

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

• A) nominal account
• B) real account

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Definitions:

Inform

To give knowledge about a topic or situation to someone.

Goodwill Presentations

Presentations aimed at building positive relationships with the audience, often by focusing on shared values or community benefits.

Validate

To confirm or substantiate the legitimacy or accuracy of something.

Audience

The intended receivers or consumers of a message, performance, or piece of writing, who can vary in their expectations, needs, or demographics.