Temporary (nominal) accounts

 

 

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Temporary (nominal) accounts

 

Accounting glossary

 

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Accounting

 

Definition of temporary (nominal) accounts

 

Temporary (nominal) accounts: Accounts that relate only to a given accounting period. Consist of all income statement accounts and owner’s drawing account. All temporary accounts are closed at end of accounting period

 

Source 1: http://college.vatc.edu.vn/attachments/article/152/Glossary%20-%20Accounting%201.doc

Source 2: http://college.vatc.edu.vn/attachments/article/152/Glossary%20-%20Accounting%202.doc

Web site link: http://college.vatc.edu.vn/

Author : not indicated on the source document of the above text

 

Accounting glossary

 

Accounting glossary index of terms

 

 

Definition and meaning of temporary (nominal) accounts

 

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