N.Y. Comp. Codes R. & Regs. tit. 10 § 451.190

Current through Register Vol. 46, No. 51, December 18, 2024

Section 451.190 - Nominal account

Any of the accounts the balances of which are transferred to retained earnings at the close of each fiscal year; so-called because such accounts reflect completed transactions or expired costs.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 451.190