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    Question

    Select the options that shows the name of the Account

    (Trading A/c, Profit & Loss A/c) and the side (Debit/Credit) against the given items to which these are taken. (i) Closing stock: __________ and _________ (ii) Carriage outward: ________and ________ (iii) Interest Received: ________ and ________ A. (i) Trading A/c: Credit side (ii) Profit & Loss A/c; Debit side (iii) Profit & Loss A/c, Credit side B. (i) Trading A/c; Credit side (ii) Profit & Loss A/c; Debit side (iii) Profit & Loss A/c; Debit side C. (i) Trading A/c; Credit side (ii) Trading A/c; Debit side (iii) Profit & Loss A/c; Credit side D. (i) Trading A/c; Debit side (ii) Profit & Loss A/c, Debit side (iii) Profit & Loss A/c; Credit side
    A A Correct Answer Incorrect Answer
    B B Correct Answer Incorrect Answer
    C C Correct Answer Incorrect Answer
    D D Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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