The nominal account prepared to close the account of business is --------------

Related MCQs

• The account opened to close the various assets and liabilities of the firm on dissolution is called ------------- account
• To ascertain profit in life insurance business ………………. Prepared.
• Valuation balance sheet is prepared by ………………… business
• No profit and loss appropriation account is prepared in case of a…………… company.
• The account prepared to find out the stock as on the date of fire is known as ……………………………… trading accounts.
• A ledger maintained where separate investment account prepared for a particular scrip is known as ………………………..
• The account prepared to find out the stock as on the date of fire …..
• Investment account is ………………………. Account
• ………… account is real account
• Realization account is a ---------- account