Net profit of a sole proprietor is transferred to the
...Net profit of a sole proprietor is transferred to the
Profit and loss account
Profit and loss appropriation account
Capital account
Drawings account
Correct answer is C
No explanation has been provided for this answer.
The main difference between the ordinary and preference shareholders is that ...
Determine the owners equity ...
\(\begin{array}{c|c} & N \\ \hline \text{Debtors (1/1/98)} & 2,000 \\ \text{Debtors (31/12/9...
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Use the following to answer the given question \(\begin{array}{c|c} & N & & N \\ \h...