Income statement account (revenue and expense) that is closed out at the end of the year. See also Closing Entry; Real Account.
Nominal Account
| Business Dictionary: Nominal Account |
| 5min Related Video: Nominal Account |
| Accounting Dictionary: Nominal Account |
Income statement account (revenue and expense) that is closed out at the end of the year. See also Closing Entry; Real Account.
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 | Real Account (in accounting) |
| Temporary Account (in accounting) |
| Nominal Interest Rate (in banking) |
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 | What is nominal amount for the purpose of accounting? |
| Is outstanding expence a nominal account? |
| What is a credit entry in a nominal account? |
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 | Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more |
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| Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Mentioned in
- Real Account (in accounting)
- Temporary Account (in accounting)
- Nominal Interest Rate (in banking)
- Debits and credits
- Money and Coinage: Western Europe (history 1450-1789)
- Inter-rater reliability
- National Check Trust
- Pragmatic theory of truth
- Double-entry bookkeeping system
- Economy of Russia
