A

Admin • 802.91K Points
Coach

Q. Which account is used to close all nominal accounts?

  • (A) Capital A/c
  • (B) Suspense A/c
  • (C) Trading A/c
  • (D) Profit & Loss A/c
  • Correct Answer - Option(D)
  • Views: 3
  • Filed under category Accounting
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Explanation by: Admin
All nominal accounts are transferred to the Profit & Loss Account.

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