What Is a Nominal Account? [Definition + Examples]

Patriot Software

Accounting deals with many different types of accounts. One account you may stumble across in your accounting journey for your business is a nominal account. But, what are nominal accounts? Accounting

A new definition of accounting.

Martin Quinn

I am always keen to emphasise the communicative element of accounting – it is after all data, transposed to information, and information is of less value if not communicated. 2021) published a really great commentary on what accounting is. Photo by Nothing Ahead on Pexels.com.