Section 8.3 - The Income Summary account also gets closed out therefore it is a __ Real Account Permanant Account Nominal Account Frozen Account

Nominal Account<br /><br />The Income Summary account is a temporary or nominal account used in the closing process. Nominal accounts track revenues, expenses, gains, and losses, all of which are closed out at the end of each accounting period. Since the Income Summary account is used solely for this closing process and its balance is zeroed out, it falls under the category of nominal accounts.<br />