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Doctors Medicines MCQs Q&A

Fill in the blank:

i. Gross Profit is transferred to _________account.

ii. Debit Balance of Trading Account indicates __________

iii. Income Receivable appears on ________side of Balance Sheet.

iv. Interest on Bank Loan is debited to _______A/c.

v. Profit and Loss account is prepared to find out _______ results of the business.

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1 Answers

i. Profit and Loss A/c

ii. Gross Loss

iii. Asset

iv. Profit and Loss A/c

v. Net Working

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