Trading account is a _______ account
A) Personal
B) Real
C) Nominal
D) Expenses
Correct Answer:
Verified
Q34: Debit note is prepared in connection with
A)Sales
Q35: Goods sold on credit will be entered
Q36: Cash purchase of fixed asset is entered
Q37: Normally value of closing stock _ in
Q38: Cost of goods sold plus selling expenses
Q40: 1/6 profit on sales means _ on
Q41: In sole trader balance sheet asset are
Q42: _ is an expenditure which does not
Q43: Asset which reduce is value, on use,
Q44: Unearned income is a
A)Liability
B)Asset
C)Expense
D)Income
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