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nil accounts

Dylan123 · 2017-10-20 15:16:43

Hi there, Could someone please advise what nil accounts are. I assume they are profit and loss and balance sheet? Thanks.

20-10-2017 04:16PM

#1

Dylan123

Registered Users, Registered Users 2 Posts: 244 ✭✭

Join Date: November 2009

Posts: 187

Hi there,

Could someone please advise what nil accounts are.

I assume they are profit and loss and balance sheet?

Thanks.

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Comments

#2 20-10-2017 09:45PM

TiGeR KiNgS

Registered Users, Registered Users 2 Posts: 1,435 ✭✭✭

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Posts: 1329

Likely meaning is a dormant company i.e not trading.

- P&L is nil
- Balance Sheet may or may not have assets/liabilities.

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