ch of the following is a characteristic of nominal accounts? A : They are reported on companies' balance sheets. B : They are periodically closed by companies. C : They are also known as permanent accounts. D : They include assets, liabilities, and equity accounts.

B : They are periodically closed by companies.

Explanation:

The nominal reports refer to that account that reports the income, revenues earned, expenses incurred, losses, and gains

The expenses and losses are recorded on the debit side while the income, revenues, and gains are reported on the credit side

These nominal accounts are periodically closed by passing the closing the entries