Which of the Following Is a Nominal Account

question 138

Multiple Choice

Which of the following is a nominal account?

• A)Interest Payable
• B)Property Taxes Expense
• C)Owner's Capital
• D)Cash

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Definitions:

Indentured Servants

Laborers bound under contract to work for a specific period of time in exchange for transportation, food, clothing, lodging, and other necessities during the 17th and 18th centuries in America.

Voluntarily Came

The act of choosing to arrive or participate in something out of one's own free will without coercion.

Displacing Indians

The process of forcibly removing Native American tribes from their ancestral lands, often to make way for European settlers and the expansion of the United States.

Settling on Land

The act of occupying and establishing control over a new area of land, often involving the displacement of existing populations.