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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 ______.
पर्याय
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
Give a word, term, or phrase which can substitute the following statement:
An amount spent on promoting sale of goods.
Select the most appropriate alternatives given below and rewrite the sentence :
Discount earned is transferred to credit side of ___________ account
Find the odd one:
Rent, Salary, Insurance, Plant and Machinery
Find the odd one :
Give a word, term or phrase which can substitute the following statement:
Account prepared to know Net Profit or Net Loss.
Give a word, term or phrase which can substitute in the following statement:
Account prepared to know Net Profit or Net Loss.
Give a word, term or phrase which can substitute the following statement:
Account prepared to know Net Profit or Net Loss.
Abnormal Losses such as stock destroyed by fire, goods lost intransit, loss on sale of fixed assets are recorded on the ______ side of the ______.
What principle is followed by recording indirect expenses and incomes in the Profit and Loss Account?
Where is “Discount allowed” shown in the Profit and Loss Account?
