At the end of the accounting year, all the nominal accounts of the ledger book are:
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.
Dearth
A lady who remains unmarried
The people living next door bought a new car.
...Select the wrongly spelt word.
Select the word which means the same as the group of words given.
An underground hole dug by a small animal as a dwelling
Algophobia
Which of the following is an antonym of "excessive"?
A. There had already been abundant rainfall in Delhi.
B. It was the fag end of summer.
C. A strong wind began to blow and the rain came ca...
Choose the incorrectly spelt word.
A devil's advocate would be:
