MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO TRADING ACCOUNT; PROFIT AND LOSS ACCOUNT; INCOME AND EXPENDITURE ACCOUNT
MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO TRADING ACCOUNT; PROFIT AND LOSS ACCOUNT; INCOME AND EXPENDITURE ACCOUNT What financial statement records the buying and selling activities of a business entity? a) Trading account b) Profit and loss account c) Income and expenditure account d) Balance sheet Answer: a) Trading account Which account summarizes the revenues, expenses, […]