At the end of the accounting year, all the nominal accounts of the ledger book are balanced. [June 2022, 2 Marks]; [Sep. 2024, 2 Marks]; [MTP Jan. 2025]
Options
A
B
C
D
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Accounting ProcessQuestion 4671 of 84
All Questions Correct Answer
✅ Option — Correct Option
All Options:
- A
- B
- C
- D
Detailed Solution & Explanation
False: At the end of the accounting year, all the Nominal Accounts of the ledger book are
transferred to P /L A/ c.
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