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.
Sales account was undercast by GH¢ 1,000. When this is corrected, both the gross profit and the...
Responsibility accounting is particularly concerned with ...
Opening stock---------2,300 Purchases-------------11,874 Sales--------------------18,600 Closing ...
The principle of double entry system ensures ...
Patent and Trade mark are classified under ...
Factory costs excluding prime cost is ...
Which of the following is not found in a trial balance? ...
A non-cash expense chargeable against profit and loss account is ...
Use the following information to answer the given question \(\begin{array}{c|c} & D\\ \hline \t...