Among the following items which item is shown on the debit side of Adjusted Profit and Loss Account?

Related MCQs

• Loss on sale of Fixed Assets / Investment will be shown on the credit side of adjusted profit and loss account.
• Non-cash adjustments like Depreciation, Preliminary Expenses and Goodwill Written off are shown on the debit side of which account?
• Part of Profit transferred to General Reserve will be shown on the debit side of _________
• When a part of the Fixed Assets is sold during the year, the Profit on sale is shown on the credit side of which Account?
• The proposed dividend for the Current Year would appear on the debit side of which account?
• For Ram Industries, the balance of property has beenRs 20,000 and Rs 17,000 in 2018 and 2019 respectively. The profit on sale of property of Rs 2000 is credited to Capital Reserves Account. New property costing Rs 5000 bought in 2019. Determine sale proceeds forproperty.
• From the following details find out the funds from operations: Net Profit after Tax Rs. 48,000 Depreciation Rs. 30,000 Loss on Sale of Outdated Machinary : Rs. 4000
• Among the following items, which represents the source of fund?
• Among the following items which does NOT represent the Application of Funds?
• Only Current Assets and Current Liabilities are shown in the statement showing