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:

Fashion Business

The industry focused on the design, manufacturing, marketing, and sale of clothing, footwear, and accessories.

Crowdsourcing

The practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people, especially from an online community, rather than from traditional employees or suppliers.

Moneyball

A term popularized by baseball, referring to the use of statistical analysis to identify undervalued players and strategies, often applied to business and other domains for efficiency.

General Electric

A multinational conglomerate corporation, known for its diverse range of products and services, including power generation, healthcare technologies, and digital industry innovations.