1-50 MULTIPLE CHOICE QUESTIONS WITH ANSWERS- TRADING ACCOUNT PROFIT AND LOSS ACCOUNT INCOME AND EXPENDITURE ACCOUNT
1-50 MULTIPLE CHOICE QUESTIONS WITH ANSWERS- TRADING ACCOUNT PROFIT AND LOSS ACCOUNT INCOME AND EXPENDITURE ACCOUNT Which of the following is shown on the debit side of a trading account? a) Sales b) Purchases c) Discount received d) Commission received Answer: b) Purchases The main purpose of preparing a trading account is to ascertain the: […]