| 释义 |
nominal accounts Nominal AccountA business account in which the balance is closed out after the end of the fiscal year. See also: Real account.
Temporary AccountAn account whose balance is quickly reduced to zero after its creation by a company. For example, a company may create a temporary account for dividends after they are announced but before they are distributed. After distribution, the temporary account goes to zero. A temporary account is also called a nominal account.nominal accounts records of items of income received by a business, such as rents from properties, or of expenses incurred, such as rates paid. This LEDGER information is summarized periodically in the PROFIT-AND-LOSS ACCOUNT. Contrast with REAL ACCOUNTS. |