Question 14
Double Entry and the LedgerWhich of the following is a nominal account?
- A.Machinery Account
- B.Drawings Account
- C.Debtors Account
- D.Wages Account
Show the answer and explanation
Answer: D (Wages Account)
Explanation
Nominal accounts record expenses and incomes, such as wages. Machinery is a real account; drawings and debtors relate to persons.