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Q. |
Which of the following accounting treatments is/are true in respect of accrued commission appearing on the debit side of a Trial Balance? |
A. | It is shown on the debit side of the Profit and Loss Account |
B. | It is shown on the credit side of the Profit and Loss Account |
C. | It is shown on the liabilities side of the Balance Sheet |
D. | It is shown on the assets side of the Balance Sheet |
Answer» D. It is shown on the assets side of the Balance Sheet |
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