Ledger

Accountancy

For closing expenses, when we transfer to p&l do we need to pass an entry [Video Time Stamp: 05:33] Video Details ------------- Accounting - CA Foundation (New) Ledgers #7. Closing balance for Expenses

Aravind V

CA Foundation

★ 0

31-Jan-26 02:49

136

Answers (2)

In computerised accounting not required. In physical, Generally a trial balance is prepared and nominal accounts are not carried forward in books.

CA Suraj Lakhotia

Admin

05-Feb-26 06:38

Thank you sir

Thread Starter

Aravind V

CA Foundation

★ 0

02-Mar-26 21:15

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