What are the two statements prepared for summarising the transactions? I)Balance Sheet II)Journal III)P&L IV)Cash Book

Related MCQs

• Where do we show Provision of bad debts in final accounts if given in adjustments? I)Debit side of P&L II)Credit side of P&L III)Deduct from Debtors in Balance Sheet IV)Add to Debtors in Balance Sheet
•                         refers to the order in which the various assets and liabilities are shown in the Balance Sheet.
• Arun is a Book-seller, which item will be goods for his business ?