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Answer in one sentence only When does an account show a nil balance? - Book Keeping and Accountancy

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Question

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

One Line Answer

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.
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Meaning of Ledger
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Chapter 4: Ledger - Exercises [Page 114]
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