Which of the following accounts is Nominal A/c?

Interest A/c
Accrued Interest A/c
Outstanding Interest A/c
Prepaid Interest A/c

The correct answer is A. Interest A/c.

A nominal account is a temporary account that is used to record revenues and expenses for a specific period of time. These accounts are closed at the end of the accounting period and the balances are transferred to the retained earnings account.

Interest A/c is a nominal account that is used to record interest income and interest expense. Interest income is recorded when a company receives interest on loans or investments. Interest expense is recorded when a company pays interest on loans.

Accrued Interest A/c is a real account that is used to record interest that has been earned but not yet received. Outstanding Interest A/c is a real account that is used to record interest that has been incurred but not yet paid. Prepaid Interest A/c is a real account that is used to record interest that has been paid in advance.

In summary, the correct answer is A. Interest A/c because it is a nominal account that is used to record interest income and interest expense.

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