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प्रश्न
Office rent, office lighting, office salaries, insurance, postage and telegrams, stationery and printing, audit fees, legal expenses are recorded on the ______ side of the ______.
विकल्प
Debit, trading account
Credit, trading account
Debit, profit and loss account
Credit, profit and loss account
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उत्तर
Office rent, office lighting, office salaries, insurance, postage and telegrams, stationery and printing, audit fees, legal expenses are recorded on the Debit side of the profit and loss account.
Explanation:
Office and Administrative expenses, such as Rent, Rates and Taxes, Office Salaries, Printing and Stationery, Office Lighting, Postage and Telegrams, etc., are debited to the profit and loss account.
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संबंधित प्रश्न
Answer in One Sentence:
State the meaning of Outstanding Expenses?
Give a word, term, or phrase which can substitute the following statement:
Expenses paid before it is due.
Interest on Drawing is credited to __________ Account.
Excess of credit over to debit in Profit and Loss Account indicates ________
Fill in the blank :
Profit and Loss account is prepared to find out ___________ results of the business.
Do you agree or disagree with the following statement :
Reserve for bad debts is created by debiting Profit and Loss Account.
What is the need for preparing profit and loss account?
Correct and Rewrite the following statement:
Capital A/c……………..Dr.
To Profit and Loss Account
(Being Net Profit transferred to Capital A/c)
Distinguish between a Trading Account and a Profit and Loss Account.
Give a word, term or phrase which can substitute the following statement:
Account prepared to know Net Profit or Net Loss.
