1 thought on “Nominal Accounts Examples List”

  1. Nominal accounts are temporary accounts used in accounting. Examples include revenue accounts (e.g., sales, service income), expense accounts (e.g., salaries, rent), gain accounts (e.g., asset sales), loss accounts (e.g., investment losses), and income summary accounts. These accounts help track income, expenses, gains, and losses for a specific period, and they are closed at the end of that period. Thank you for your information.

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