Register now or log in to join your professional community.
asset and liabilties are keep till the life of business and all nominal accounts are closed early
Assets, Liabilies and captial( called Real Account) keeps going on till the life of business and nominal account like income and expense get close every accounting period
I feel that the proprietorship concerns usually die out in long run...either taken over as partnership or pvt. ltd. concern or die out/
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.