Question
At the end of the accounting year, all the nominal
accounts of the ledger book are:Solution
At the end of the accounting year, nominal accounts, which include income, expenses, gains, and losses, are closed by transferring their balances to the profit and loss account. This process is essential to determine the net profit or loss for the accounting period. Once these balances are transferred, the nominal accounts are reset to zero and are not carried forward to the next accounting period.
Given below are four sentences in jumbled order. Pick the option that gives their correct order.
A. She had never seen the like of it before.
...Which of the following best sums up the central idea of the paragraph formed after rearrangement?
Which of the following is the fourth sentence of the passage?
1. Even though plants and animals
P. if their occurrence is natural,
Q. can adapt themselves to
R. changes in nature
...In the following questions, a sentence is given with two blanks. Identify the correct pair of words that fit in the sentence to make it grammatically a...
Given below are five jumbled sentences. Select the option that gives their correct logical sequence.
A: While the exact cause is debated, some...
Which of the following is the third sentence if the passage?
Given below are four sentences, which are jumbled. Pick the option that gives the correct order.
P - He decided to make curd with the remaining m...
Which of the following is the fourth sentence after rearrangement?
The beautiful house and
P. a tinge of sadness in
Q. its visible luxury caused
R. the heart of the poor porter
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