Net profit of a sole proprietor is transferred to the
...Net profit of a sole proprietor is transferred to the
Profit and loss account
Profit and loss appropriation account
Capital account
Drawings account
Correct answer is C
No explanation has been provided for this answer.
Errors in the ledger can be corrected through ...
Which of the following accounts are treated in the nominal ledger? i. wages ii. discou...
The double entries for refund of unsuccessful application monies are, debit ...
One of the objectives of accounting is that it can be used for ...
Recognition of profit when goods are sold and the buyer takes ownership of them is in line with ...
An example of a real account is ...
Working capital is measured by the excess of ...
The following transactions relate to Osei Enterprises for the year ended 31st December 2020. ...
Which of the following is not a credit item in the sales ledger control account? ...