Administrative, selling and distribution expenses in a ma...
Administrative, selling and distribution expenses in a manufacturing firm are recorded in
Trading account
Manufacturing account
Profit and loss account
Balance sheet
Correct answer is C
A profit and loss (P&L) statement summarizes the revenues, costs, and expenses incurred during a specific period of time.
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........................31/12/08...........31/12/09 Furniture and fittings..N21,000,............N...