If unexpired insurance appears in the Trial Balance, it should be
A) Credited to the Profit & Loss Account
B) Debited to the Profit & Loss Account
C) Shown on the liabilities side of the Balance Sheet
D) Shown on the assets side of the Balance Sheet
Correct Answer:
Verified
Q7: The Profit and Loss Account shows the
A)Financial
Q8: Which of the following statements is true?
A)Provision
Q9: Cash Profit is
A)Net profit - Non-trading Profit
Q10: Which of the following will not appear
Q11: Which of the following is not a
Q13: Which of the following are/is not a
Q14: Tax deducted at source appears in the
Q15: Which of the following statements is false?
A)Balance
Q16: Which of the following statements is true?
A)The
Q17: The Balance Sheet gives information regarding the
A)Results
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