(i) All indirect/operating expenses are transferred to _________ account.

Question

Fill in the blanks :

(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.

Monjur Alahi

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2025-01-04 04:42

1 Answers

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All direct expenses are debited to the Profit and Loss Account.

2 Answers 4 Views

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(i) Gross Profit is transferred to _________ account.

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(i) Salary, Sundry expenses, General Expenses.

2 Answers 4 Views

Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

(i) Profit and Loss Account

(ii) Profit & Loss Account

(iii) Net Loss

(iv) Trading A/c

(v) Statement

5 views Answered 2023-02-05 15:29