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प्रश्न
Salaries appearing in the trial balance is shown on the ______.
पर्याय
Debit side of trading account
Debit side of profit and loss account
Liabilities side of the balance sheet
Assets side of the balance sheet
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उत्तर
Salaries appearing in the trial balance is shown on the debit side of profit and loss account.
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संबंधित प्रश्न
Answer in One Sentence:
What is Net Profit?
Give a word, term, or phrase which can substitute the following statement:
The provision made to compensate the loss on account of likely debts.
Fill in the blank :
Interest of proprietor's drawing is credited to _________ account.
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 ₹ 407500
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 the following statement:
Account prepared to know Net Profit or Net Loss.
Storage expenses, carriage outwards, salaries of sales staff are recorded on the ______ side of the ______.
Carriage outwards are recorded the ______ side of the ______.
What happens to the net profit shown by the Profit and Loss Account in a sole proprietorship?
