Definition of nominal account in English:

nominal account

Line breaks: nom|in¦al ac|count

noun

Finance
  • An account recording the financial transactions of a business in a particular category, rather than with a person or other organization.
    More example sentences
    • All journals are entered straight into their respective nominal account or cost-centre where they show immediately on any reports or enquiries.

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Pronunciation: ˌastrə(ʊ)ˈgeɪʃ(ə)n
noun
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