A. Income and expenditure account
B. profit and loss account
C. receipt and payment account
D. trading account
Correct Answer:
Option B – profit and loss account
Explanation
records profit on branch account
A. Income and expenditure account
B. profit and loss account
C. receipt and payment account
D. trading account
Correct Answer:
Option B – profit and loss account
Explanation
records profit on branch account
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