A. credited to the trading account
B. debited to the Profit and Loss Account
C. credited to the Profit and Loss Account
D. credited to the Appropriation Account
Correct Answer:
Option C – credited to the Profit and Loss Account
A. credited to the trading account
B. debited to the Profit and Loss Account
C. credited to the Profit and Loss Account
D. credited to the Appropriation Account
Correct Answer:
Option C – credited to the Profit and Loss Account
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