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Answer in One Sentence Only. to Which Account Gross Profit Transferred? - Book Keeping and Accountancy

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प्रश्न

Answer in one sentence only.
To which account Gross Profit transferred?

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उत्तर

Gross Profit, which is calculated by preparing Trading Account, is transferred on the credit side of Profit & Loss Account.

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पाठ 2: Partnership Final Accounts - Exercise 1 [पृष्ठ ६४]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
पाठ 2 Partnership Final Accounts
Exercise 1 | Q 4 | पृष्ठ ६४
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