Advertisements
Advertisements
प्रश्न
Salaries appearing in the trial balance is shown on the ______.
विकल्प
Debit side of trading account
Debit side of profit and loss account
Liabilities side of the balance sheet
Assets side of the balance sheet
Advertisements
उत्तर
Salaries appearing in the trial balance is shown on the debit side of profit and loss account.
APPEARS IN
संबंधित प्रश्न
Give a word, term, or phrase which can substitute the following statement:
Income due but not yet received
Give a word, term, or phrase which can substitute the following statement:
An amount spent on promoting sale of goods.
Fill in the blank :
Interest on Bank Loan is debited to _________ A/c
Do you agree or disagree with the following statement :
Reserve for bad debts is created by debiting Profit and Loss Account.
Prepare Profit and Loss Account of Sanjay Brothers for the year ended 31st March, 2018 from the following balances.
| 1) | Bank charges | ₹ 22,000 |
| 2) | Interest (Cr.) | ₹ 16,000 |
| 3) | Sundry expenses | ₹ 42,000 |
| 4) | Insurance | ₹ 35,000 |
| 5) | Salaries | ₹ 40,000 |
| 6) | Rates and Taxes | ₹ 13,000 |
| 7) | Postage | ₹ 8,000 |
| 8) | Advertisement | ₹ 40,000 |
| 9) | Rent paid | ₹ 32,000 |
| 10) | Bad debts | ₹ 10,000 |
| 11) | Commission (Cr) | ₹ 17,500 |
| 12) | Printing & Stationery | ₹ 21,000 |
| 13) | Loss by fire | ₹ 18,000 |
| 14) | Discount (Dr) | ₹ 23,000 |
| 15) | Discount (Cr) | ₹ 37,000 |
| 16) | Misc. Income | ₹ 14,000 |
| 17) | Depreciation | ₹ 34,000 |
| 18) | Carriage Outwards | ₹ 60,000 |
| 19) | Godown Expenses | ₹ 40,000 |
Note: Gross Profit ₹ 4,07,500
Give a word, term or phrase which can substitute the following statement:
Account prepared to know Net Profit or Net Loss.
Which of the following is NOT recorded in the Profit and Loss Account?
Which account type does the Profit and Loss Account belong to?
What happens to the net profit shown by the Profit and Loss Account in a sole proprietorship?
Which of these expenses would typically NOT appear on the debit side of the Profit and Loss Account?
