Commission received is entered on the?

A. credit side of the profit and loss account B. credit side of the trading account C. credit side of the cash book D. debit side of the profit and loss account E. debit side of thetrading account Correct Answer: Option A – credit side of the profit and loss...
The salary of a shop keeper who sells goods would be charged in the?

Carriage inwards is shown on the?

A. debit side of the profit and loss account B. credit side of the trading account C. debit side of the trading account D. credit side of the profi and loss account E. debit side of the cash book Correct Answer: Option C – debit side of the trading...

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