Which of the following accounting treatments is/are true in respect of accrued commission appearing on the debit side of a Trial Balance?
A) It is shown on the debit side of the Profit and Loss Account
B) It is shown on the credit side of the Profit and Loss Account
C) It is shown on the liabilities side of the Balance Sheet
D) It is shown on the assets side of the Balance Sheet
Correct Answer:
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