English

Select the most appropriate alternatives given below and rewrite the sentence :Debit balance of Trading Account means ______,. - Book Keeping and Accountancy

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Question

Select the most appropriate alternatives given below and rewrite the sentence :
Debit balance of Trading Account means ______,.

Options

  • Gross Loss

  • Net Loss

  • Net Profit

  • Gross Profit

MCQ
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Solution

Debit balance of Trading Account means Gross Loss.

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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 3. 6) | Page 317
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