Interest paid and payable comes to the……………side of the profit and loss account.

Related MCQs

• Dividend received on shares is comes to the……………. side of profit and loss account.
• Profit and losses can’t be ascertained because Trading and Profit and loss account can’t be prepared.
• IF Gross profit rate is 20% and Short Sales is Rs. 400000, then Loss of Profit on Sales will be ………..
• IF Gross profit rate is 40% and Short Sales is Rs. 250000, then Loss of Profit on Sales will be ………..
• A business takes a……………insurance policy to cover the claims for loss of stocks and loss of profit.
• All items of stock in Trading and Profit and loss Account are to be converted into cost price if these are given at an _
• The ratio establishes the relationship between profit before interest and tax and fixed interest charges is .
• Every banking company should prepare a balance sheet and profit and loss accounts as on……………..each year.
• Under single entry system the profit and loss can be found out and also it’s comparison will be available.
• If Gross profit is 54000 and sales is Rs. 180000 then gross profit ratio will be ….