Income Statement Accounts Are Also Known as Which of the Following

question 28

Multiple Choice

Income statement accounts are also known as which of the following?

• A) Nominal accounts
• B) Real accounts
• C) Closing accounts
• D) Both a and c

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Definitions:

Social Occupation

A profession or job that primarily involves interacting with, serving, or managing people, often within sociocultural or community contexts.

Counselor

A professional who provides guidance and advice in personal, social, or psychological matters.

Voice Coach

A specialist who helps individuals improve their vocal techniques for speaking or singing.

Temptation of Fraud

The allure or inclination to engage in deceptive practices for personal or organizational gain.