Answered: Which of the following is a nominal…

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Accounting

Which of the following is a nominal account? a) Service Revenue b) Cash c) Accumulated Depreciation d) Notes Payable

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle.

Section: Chapter Questions

Problem 2CYBK: In the revenue cycle, the most significant accounts typically include revenue and accounts...

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Which of the following is a nominal account?

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