In dealing with incomplete record, fixed assets are poste...
In dealing with incomplete record, fixed assets are posted to___________
Profit and loss account as brought forward figure
Closing balance sheet as carried forward figure
Closing balance sheet as brought forward figure
Profit and loss as carried forward figure
Correct answer is C
Fixed asset are brought forward in closing balance sheet.
\(\begin{array}{c|c} & \text{1/6/2011} & \text{30/5/2012}\\ & D & D \\ \hline \text{...
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Cash discount received is shown in the i. Cash ii. Discount Received Account iii. Sup...