Maharashtra State BoardHSC Arts 11th
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Answer in one sentence only When does an account show a nil balance? - Book Keeping and Accountancy

One Line Answer

Answer in one sentence only
When does an account show a nil balance?

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Solution

When the total of debit side of amounts and credit side of amounts of an account are equal, we can say that account shows a nil balance.
Concept: Meaning of Ledger
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Chapter 4: Ledger - Exercise Q.1 [Page 114]
Q 3
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Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 4 Ledger
Exercise Q.1 | Q 3 | Page 114
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