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Option5 is the right answer.
Nominal Accounts is Temporary account such as income statement account.Nominal accounts are accounts that report revenue, expenses and owner drawing account.All such account are closed at the end of accounting year.
Option5 None is the answer.
Nominal accounts are temporary accounts.
They are closed at the end of the fiscal period
They are temporary accounts
They are all income statement accounts, the owner's drawing and/ or dividend accounts
I think Option5 beacuse Nominal Accounts are closed at th end of the year.
Answer:5. None
Nominal accounts are temporary accounts closed at the end of every calendar or fiscal year.
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