LD ACCOUNTANT,KSIDC
1.At the end
of the accounting year nominal accounts are:
A.Balanced and transferred to the P & L a/c*
B.Not balanced and transferred to the P & L a/c
C.Not balanced and transferred to balance sheet
D.Balance and transferred to balance sheet
Ans:A
2.Premium on
redemption of debenture is --------a/c
A.Personal*
B.Nominal
C.Real
D.None of above
Ans:A