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 account

SEE ALSO  N100 received from Laifat was entered on the payments side of the cash book with the double-entry completed in her account. The correcting journal entries are?

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