In manufacturing accounts, finance expenses are charged t...
In manufacturing accounts, finance expenses are charged to the
Departmental account
Trading account
Profit and loss account
Balance sheet
Correct answer is C
profit and loss account is an account in the books of an organization to which incomes and gains are credited and expenses and losses debited, so as to show the net profit or loss over a given period.
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Sales ledger balances 01/06/12------ 9,000 30/06/12------------------------------------30,000 ...