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Correct and Rewrite the following statement: All direct expenses are debited to the Profit and Loss Account. - Book Keeping and Accountancy

Correct and Rewrite the following statement:

All direct expenses are debited to the Profit and Loss Account.

One Line Answer

All direct expenses are debited to Trading Account.

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Chapter 9: Final Accounts of a Proprietary Concern - EXERCISE [Page 318]

Chapter 9 Final Accounts of a Proprietary Concern
EXERCISE | Q 8. 2) | Page 318

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