Maharashtra State BoardHSC Arts 11th
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Syllabus
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Fill in the blank:Gross Profit is transferred to ___________ Account. - Book Keeping and Accountancy

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