i. All indirect/operating expenses are transferred to _______ account. ii. Interest of proprietor’s drawing is credited to ________ account.
Fill in the blank:
i. All indirect/operating expenses are transferred to _______ account.
ii. Interest of proprietor’s drawing is credited to ________ account.
iii. An excess of debit over credit in the Profit & Loss A/c represents the _______
iv. All direct expenses are transferred to _______ account.
v. Balance Sheet is _____________ of assets & liabilities.
5 views
1 Answers
i. Profit and Loss A/c
ii. Profit and Loss A/c
iii. Net Loss
iv. Trading A/c
v. Statement
5 views
Answered