Profit and loss account is a

Related MCQs

• In profit and loss account, if credit is more than the debit, the difference is
• In final account system, Branch Trading and Profit & Loss A/c is prepared at ________
• The interest charged on the hire purchase should appear in the profit and loss account in what manner?
• The stock reserve for unrealised profit will be ________ to the H.O profit & Loss A/C
• Under debtors system which account is prepared by head office to calculate profit or loss of each branch:
• Branch Trading &Profit & Loss A/c is only a _________ account not forming part of the full accounting system.
• Profit and loss is calculated at the stage of
• In the absence of an agreement profit and loss are divided by partners in the ratio of:
• HO sends goods to branch at 20% profit on invoice price, therefore the percentage of profit on cost comes to ______
• Old profit sharing ratio minus new profit sharing ration is equal to: