Keyword Analysis & Research: nominal meaning accounts

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What are some examples of nominal accounts?

Examples of nominal accounts are service revenue, sales revenue, wages expense, utilities expense, supplies expense, and interest expense.

What is a nominal asset?

nominal asset. An item that lacks intrinsic value and so is not considered a real asset. For example, the paper currencies traded in the forex market are primarily nominal assets since their only intrinsic value is that of the paper they are printed on.

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