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In exam if we are asked to draw ledger accounts, and it is not year end, then should the nominal accounts be balanced or transferred to the Trading & P/L account?
Answers (3)
Best Answer
Thread Starter
Aman MahajanAnd should nominal accounts be balanced or transferred?
Transferred.
CA Suraj Lakhotia Admin
Write end of year as the date.
And should nominal accounts be balanced or transferred?
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