Wages Is A Nominal Real Or A Personal Account

Here, we are concerned that “Wages Is Which Type of Account In Accounting”.

Wages is not a Real Account as it is not related with assets and liabilities accounts.

It is also not related with personal account which is concerned with natural or living persons.

Yes, wages expense is a nominal account as it is an expense account which is recorded in Income Statement as it is a temporary account and closed to income summary account at the end of the current accounting period. For example, wages expense account of Rs. 5000 recorded in Income Statement for the accounting period is a nominal account.

So, we conclude that wages is a nominal account but not a real or a personal account in accounting.