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प्रश्न
Observe the image and state the account in which it will be posted.
पर्याय
Profit and Loss Account debit side
Balance Sheet liability side
Trading Account credit side
Balance Sheet assets side
MCQ
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उत्तर
Balance Sheet liability side
Explanation:
Business loans and bank overdrafts are borrowed funds (current or long‑term liabilities) and are shown on the liabilities side of the balance sheet, not in trading or profit & loss accounts.
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