Which of the Following Is a Nominal Account

question 84

Multiple Choice

Which of the following is a nominal account?

• A) Retained Earnings
• B) Property Taxes Expense
• C) Cash
• D) Common Stock

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Definitions:

Compulsory Measures

Mandatory actions or regulations enforced by an authority, often to ensure safety, compliance, or order, from which there is no option of opting out.

Economic Incentives

Financial motivations or rewards designed to influence the behavior of individuals, businesses, and governments toward desired outcomes.

Family Planning Program

A program designed to provide information, methods, and services to individuals to help them choose how many children to have and the timing of their births.

Contraceptives

Methods or devices used to prevent pregnancy, contributing to family planning and control of population growth.