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प्रश्न
Which of the following is NOT an item of profit and loss account?
पर्याय
Carriage Outwards
Heavy advertising expenses
Purchases and Sales
Interest on Overdraft
MCQ
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उत्तर
Purchases and Sales
Explanation:
Purchases and sales are trading-account items used to calculate gross profit and appear in the Trading Account, not the Profit & Loss Account. Carriage outwards, heavy advertising and interest are P&L expenses.
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