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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?


Aman Mahajan

Aman Mahajan

CA Inter

18K+

04-Dec-20 18:01

18

Answers (3)

Best Answer

And should nominal accounts be balanced or transferred?

Transferred.


Suraj Lakhotia

Suraj Lakhotia

Admin

05-Dec-20 11:02

Write end of year as the date.


Suraj Lakhotia

Suraj Lakhotia

Admin

04-Dec-20 18:26

Write end of year as the date.

And should nominal accounts be balanced or transferred?


Aman Mahajan

Aman Mahajan

CA Inter

18K+

04-Dec-20 18:43

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