(i) Net profit is transferred to ________
Fill in the blanks:
(i) Net profit is transferred to ________
(ii) If cash/goods withdrawn by proprietor for domestic use, it is called __________
(iii) Payment made in advance are shown on ___________ side of Balance Sheet.
(iv) Royalty on production is debited to ___________ A/c of final A/c.
(v) General Expenses are recolored to the debit side of ___________ A/c when Office expenses, Sundry expenses, or General expenses are given in the trial balance.
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