Which balance is not considered for closing entries on t he basis of trial balance for transferring to Trading and Profit & Loss Account?

Related MCQs

• Closing stock appearing in the trial balance is shown in
• The trial balance shows closing stock of Rs.30,000 .it will be recorded in ………………..
• Profit and loss account is prepared for a period of one year by following the concept of
• A purchased goods costing 2,60,000 for joint venture with B. B sold a major part of the goods at cost plus 25% on cost, for 2,50,000. Balance of goods were taken over by B at cost less 10%. Find out profit/loss on Joint Venture.
• When Trial Balance will not tally/mismatch?
• Difference of totals of both debit and credit side of the trial balance is transferred to:
• When opening stock 50,000; closing stock 40,000; purchases 1,90,000 profit margin is 16.67% on sales, the sales are:
• Which of the following will result in disagreement of Trial Balance?
• Which of the following errors affects the agreement of a trial balance?
• The trial balance checks