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

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Question

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

Fill in the Blanks
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Solution

 Gross Profit is transferred to Profit and Loss Account.

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Chapter 9: Final Accounts of a Proprietary Concern - EXERCISE [Page 317]

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Balbharati Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
Chapter 9 Final Accounts of a Proprietary Concern
EXERCISE | Q 5. 1) | Page 317
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