Exchange Currency

nominal accounts

In accounting, these temporary accounts are closed at the end of the fiscal accounting period.

Related information about nominal accounts:
  1. What is a nominal account in accounting? | AccountingCoach.com ...
    Nominal accounts in accounting are the temporary accounts, such as the income statement accounts. In other words, nominal accounts are the accounts that ...
     
  2. What is nominal account? definition and meaning
    Nominal accounts are income statement accounts and are also called 'temporary accounts' in contrast to balance sheet (asset, liability, and owners' equity) ...
     
  3. Distinguishing Real and Nominal Business Accounts - For Dummies
    Nominal accounts are those reported in the income statement, which is the summary of the ... Balances in nominal accounts are cumulative over a period of time.
     
  4. What is a nominal account? - Questions & Answers - AccountingTools
    May 6, 2011 ... When the balances in nominal accounts are cleared out at the end of the year, their balances may be transferred directly into the retained ...
     
  5. Account Types or Kinds of Accounts :: Personal, Real, Nominal
    Nominal accounts as, the accounts other than Personal and Real accounts; Real accounts as, the accounts other than Personal and Nominal accounts ...
     
  6. Real And Nominal Accounts
    Nov 11, 2012 ... Accounts are sometimes classified as either real or nominal. Real accounts are assets and liabilities, that is, those representing property owned ...
     
  7. Understanding The Real and Nominal Accounts [Basic Accounting ...
    Understanding the real and nominal account is a straight forward lessons presented here with a nice illustration to understand differences of both types of ...
     
  8. Account (accountancy) - Wikipedia, the free encyclopedia
    ... Long term outflows, Short term inflows, Short term outflows. Real accounts, Assets. Personal accounts, Assets, Liability. Nominal accounts, Incomes, Expenses ...