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    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:

    1. Profit & Loss Account, Credit side
    2. Balances Sheet, Liability side
    3. Balance Sheet, Asset side
    4. Trading Account, Credit side

     

    Option 2:

    1. Balance sheet, Credit side
    2. Profit and loss, Liability side
    3. Balance Sheet, Asset side
    4. Trading Account, Credit side

     

    Option 3:

    1. Profit & Loss Account, Credit side
    2. Balances Sheet, Asset side
    3. Balance Sheet, Liability side
    4. Trading Account, Credit side

     

    Option 4: None of the above

    Team Careers360 19th Jan, 2024
    Answer
    Answer (1)
    Team Careers360 21st Jan, 2024

    Correct Answer:

    1. Profit & Loss Account, Credit side
    2. Balances Sheet, Liability side
    3. Balance Sheet, Asset side
    4. Trading Account, Credit side


    Solution : Correct Pair is -

    1. Profit & Loss Account, Credit side
    2. Balances Sheet, Liability side
    3. Balance Sheet, Asset side
    4. Trading Account, Credit side

    Hence the correct answer is option 1.

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