Is motive power a nominal account?

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2026-03-24 12:35

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Motive power is not typically classified as a nominal account. Nominal accounts, which include revenues and expenses, are temporary accounts that are closed at the end of an accounting period. In contrast, motive power refers to the driving force behind machinery or vehicles and is more related to operational or mechanical contexts rather than accounting classifications. Therefore, it does not fit the definition of a nominal account.

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