MULTIPLE CHOICE QUESTIONS WITH ANSWERS- TRADING ACCOUNT PROFIT AND LOSS ACCOUNT
Which of the following is an operating expense? – a) Interest paid – b) Loss on sale of fixed assets – c) Bad debts – d) Salaries – Answer: d) Salaries Which of the following is a non-operating income? – a) Sales – b) Discount received – c) Commission received – d) Interest on investments […]
MULTIPLE CHOICE QUESTIONS WITH ANSWERS- TRADING ACCOUNT PROFIT AND LOSS ACCOUNT Read More »