The balancing figure of the Trading Account is Net Profit or Net Loss.

Correct and Rewrite the following statement:

The balancing figure of the Trading Account is Net Profit or Net Loss.

Monjur Alahi

9 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

The balancing figure of the Trading Account is Gross Profit or Gross Loss.

9 views Answered 2023-02-05 15:29

Related Questions

i. A loan account is a personal account. ii. A goodwill account is a real account. iii. A discount account is a nominal account.

2 Answers 5 Views

A,B and C are partners sharing profits and losses in the ratio of 2:2:1 resptively A is entited to a commission fo 10% on the net profit Net profit fo

2 Answers 4 Views

i. Debit balance of Trading Account means ________ (a) Gross Loss (b) Net Loss (c) Net Profit (d) Gross Profit

2 Answers 4 Views

The credit balance of the Profit & Loss account shows a net profit.

2 Answers 7 Views

i. Reserve for bad debts is created by debiting Profit and Loss Account. ii. A balance Sheet is a statement as well as an account.

2 Answers 5 Views

When the credit side of the Profit and Loss Account is greater than the debit side, it is called Net Loss.

2 Answers 4 Views

Capital A/c……………..Dr. To Profit and Loss Account (Being Net Profit transferred to Capital A/c)

2 Answers 5 Views

Receipts and payments Account is a - (A) Personal Account (B) Real Account (C) Nominal Account

2 Answers 4 Views

Receipts and Payments Account usually indicates - (A) Surplus/deficit (B) Cash balance (C) Capital fund (D) Net profit/loss

2 Answers 5 Views

Current Account is - (A) Personal Account (B) Real Account (C) Nominal Account (D) None of these

2 Answers 7 Views

এক্সাম দিয়ে মেধা যাচাই করুন

Job Preparation (1125)

Admission (754)

এসএসসি (10)

এইচএসসি (5)