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.
Which of the following is not covered under goods as per Consumer Protection Act 2019?
As per Payment of Wages Act in factory,_______________shall be liable to pay  wages to employee employed.
To set aside a sale by a Civil or Revenue Court the period of limitation as per provisions of Limitation Act 1963 to file suit is:
Which of the following is the oldest mountain range in India ?
Any person interested in a contract may sue to have it rescinded, and such rescission may be adjudged by the court in which of the following cases?
Under IPC, where no sum is expressed to which a fine may extend, the amount of fine to which the offender is liable
 As per the observations made by the Hon’ble Supreme Court in Reserve Bank of India Vs. Jayantilal Mishra the RBI :
Which section of Hindu Succession Act mentions that the property of a female Hindu is to be her absolute property?
What is the time limit to get the information under RTI Act 2005?
Which of the following are not inventions under Patents Act 1970?
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