Question : Complete the Table -
Name of Account – Account group in financial Account
Hint - Sundry Debtors – Balance sheet, Asset side
Indirect income ____
Current liabilities_____
Stock in hand _____
Sales account ______
Option 1:
- Profit & Loss Account, Credit side
- Balances Sheet, Liability side
- Balance Sheet, Asset side
- Trading Account, Credit side
Option 2:
- Balance sheet, Credit side
- Profit and loss, Liability side
- Balance Sheet, Asset side
- Trading Account, Credit side
Option 3:
- Profit & Loss Account, Credit side
- Balances Sheet, Asset side
- Balance Sheet, Liability side
- Trading Account, Credit side
Option 4: None of the above
Answer (1)
21st Jan, 2024
Correct Answer:
- Profit & Loss Account, Credit side
- Balances Sheet, Liability side
- Balance Sheet, Asset side
- Trading Account, Credit side
Solution : Correct Pair is -
- Profit & Loss Account, Credit side
- Balances Sheet, Liability side
- Balance Sheet, Asset side
- Trading Account, Credit side
Hence the correct answer is option 1.
Comments (0)
Related Questions
Trending Articles/News
