In manufacturing accounts, finance expenses are charged t...
In manufacturing accounts, finance expenses are charged to the
Departmental account
Trading accountÂ
Profit and loss account
Balance sheet
Correct answer is C
profit and loss account is an account in the books of an organization to which incomes and gains are credited and expenses and losses debited, so as to show the net profit or loss over a given period.
One of the advantage of the shortcomings of single entry procedures is that ...
If sales is D 12,000 and the gross profit mark -up percentage is 25%. What is the cost of sales? ...
\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ ...
The standing order is a payment instruction given by a? ...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...