Advertisements
Advertisements
Question
Which of these expenses would typically NOT appear on the debit side of the Profit and Loss Account?
Options
Advertisement expenses
Net loss from Trading Account
Rent received
Bank charges
MCQ
Advertisements
Solution
Rent received
Explanation:
Rent received is an indirect income and appears on the credit side, while the other items are indirect expenses recorded on the debit side
shaalaa.com
Is there an error in this question or solution?
