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Fill in the blank:Gross Profit is transferred to ___________ Account. - Book Keeping and Accountancy

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Fill in the Blanks

Fill in the blank:
Gross Profit is transferred to ___________ Account.

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Solution

 Gross Profit is transferred to Profit and Loss Account.

Concept: Trading Account
  Is there an error in this question or solution?
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 9 Final Accounts of a Proprietary Concern
Exercises | Q 5. 1) | Page 317
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