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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Net profit is ______. - Accountancy

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Question

Net profit is ______.

Options

  • Debited to capital account

  • Credited to capital account

  • Debited to drawings account

  • Credited to drawings account

MCQ
Fill in the Blanks
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Solution

Net profit is credited to capital account.

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Chapter 13: Final Accounts of Sole Proprietors - 2 - Multiple choice questions [Page 309]

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Samacheer Kalvi Accountancy [English] Class 11 TN Board
Chapter 13 Final Accounts of Sole Proprietors - 2
Multiple choice questions | Q I 2. | Page 309
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