New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which among the following items link the Income

    Statement and the Balance Sheet
    A Net Profit/ Loss Correct Answer Incorrect Answer
    B Capital Correct Answer Incorrect Answer
    C Net Liabilities Correct Answer Incorrect Answer
    D Net Assets Correct Answer Incorrect Answer

    Solution

    Answer – Net profit/ loss which is the net result of the Income Statement gets added in the Capital Account which gets reflected under the liabilities section of the Balance Sheet.

    Practice Next

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