Transactions involving nominal accounts resulting in a charge to profit/loss account

In most transactions of this kind, the second account affected i.e. the account other than the nominal account, would be a current natured account.

Paid cash towards expenses

Dr. Expenditure a/c Cr. Cash/Bank a/c

Non-Current Current Asset

Purchased goods on credit

Dr. Purchases a/c Cr. Creditors a/c

Non-Current Current Liability

All transactions relating to expenses can be considered to be cross transactions in general.

In most transactions of this kind, the second account affected i.e. the account other than the nominal account, would be a non-current natured account.

Loss on Sale of Asset

Dr. Loss on Sale of Asset a/c Cr. Asset a/c

Non-Current Non-Current Asset

Depreciation on Assets

Dr. Depreciation on Asset a/c Cr. Asset a/c

Non-Current Non-Current Asset

Goodwill Written off

Dr. Profit and Loss a/c Cr. Goodwill a/c

Non-Current Non-Current Asset

All transactions relating to losses can be considered to be non-cross transactions in general.

Writing off Intangible assets like Goodwill, Patents, Trademarks etc., charging depreciation, writing off brought forward deferred revenue expenses, writing off loss on issue of shares, discounts on issue of debentures, writing off loss on sale of assets etc., are some such transactions.