Financial State...

The item discount received will appear on the

A gross profit is transferred to the __________side of the profit and loss account.

To Know the profitability and financial position of a business at the end of the year  _____________ are prepared.

Which of the following is another name used to describe  EBIT (earning before interest and taxes)?

All direct expenses are ___ to Trading account and all indirect expenses are __________ to Profit and Loss account.

Calculation of Cost of goods sold

Accounting treatment of Deferred Revenue Expenditure is based on which principle

Which of the following is Revenue Receipt