These operate exactly as for the standard ledger, except that when posting income and expenditure accounts to the profit and loss account, the currency values of income and expenditure accounts are zeroed at the same time as the base currency values.
Article ID: 851
Created On: Tue, Jun 26, 2012 at 10:23 AM
Last Updated On: Tue, Jun 13, 2023 at 12:58 PM
Online URL: https://kb.datafile.co.uk/article/application-differences-nominal-ledger-year-end-procedures-851.html