Which of the following account is a nominal account?

Revaluation A/c Realisation A/c Profit and loss adjustment A/c All of these

All of these

Revaluation account is a nominal account, which is prepared for the distribution and transfer of profits and losses arising due to the increase and decrease of the book value of assets and liabilities during change in profit sharing ratio, admission of a partner, retirement of a partner and death of a partner. A nominal account, known as the Realisation account, is created to record the sale of such assets and the discharge of the liabilities. This account helps in ascertaining the profit or loss of the firm due to realisation of assets and liabilities at the time of termination of the business. A profit and loss adjustment account is prepared by the firm to record those transactions or omissions and errors which were left while preparing the final accounts and they are found after the final accounts have been prepared and the profits distributed among the partners. It is also a nominal account.