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What is a nominal account? 1. An interest -bearing deposit account held at a bank or other financial institution. 2. The account that represents a country's imports and exports of goods and services. 3. The account in which accounting transactions are stored for one fiscal year. 4. None of the above

What is a nominal account? 1. An interest -bearing deposit account held at a bank or other financial institution. 2. The account that represents a country's imports and exports of goods and services. 3. The account in which accounting transactions are stored for one fiscal year. 4. None of the above

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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What is a nominal account? 1. An interest -bearing deposit account held at a bank or other financial institution. 2. The account that represents a country's imports and exports of goods and services. 3. The account in which accounting transactions are stored for one fiscal year. 4. None of the above
Transcribed Image Text:What is a nominal account? 1. An interest -bearing deposit account held at a bank or other financial institution. 2. The account that represents a country's imports and exports of goods and services. 3. The account in which accounting transactions are stored for one fiscal year. 4. None of the above
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