Trading account is a

Related MCQs

• Which accounting concept specifies the practice of crediting closing stock to the trading account?
• Branch Trading &Profit & Loss A/c is only a _________ account not forming part of the full accounting system.
• In final account system, Branch Trading and Profit & Loss A/c is prepared at ________
• The Branch Account prepared under Final Account System is the nature of:
• The balance of branch adjustment account is transferred to _________ account
• When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.
• Branch Trading & Profit & Loss A/c is prepared to incorporate all _____
• Outstanding salary account is a
• Profit and loss account is a
• In profit and loss account, if credit is more than the debit, the difference is