Which of the following is classified as a nominal account?

Choose the correct answer

Explanation

Nominal accounts record expenses, losses, incomes, and gains. Among the options, the rent expense ledger is a nominal account because it tracks expenses. Machinery and property ledgers are real accounts representing assets, while accounts payable is a personal account representing creditors.

Which of the following is classified as a nominal ac… — Accounting Mcqs | PakQuizHub