Nominal Accounts Are Temporary Subcategories of Which Account

question 82

Multiple Choice

Nominal accounts are temporary subcategories of which account?

• A) Sales revenue
• B) Inventory
• C) Retained earnings
• D) Capital stock

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Definitions:

Husbands And Wives

Partners in a marital relationship, often associated with social, legal, or personal commitments to each other.

Teen Years

A period in human development that occurs between childhood and adulthood, typically ranging from ages 13 to 19.

Contact With Peers

Interactions and relationships with individuals of similar age or status, which are important for social development and emotional support.

Development

The process of growth, progress, or evolution of something, often referring to physical, emotional, or intellectual advancement.