Question

The profit on sale of old furniture should be credited to:

Q: Answer-The profit on sale of old furniture should be credited to:

A profit and loss account also known as an income statement or statement of operations is a financial statement that summarizes a companys revenues, expenses, gains, and losses over a specified period of time, typically a month, quarter, or year.

A Trading Account

B Profit and Loss Account

C Manufacturing Account

D All of the above

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The profit on sale of old furniture should be credited to:

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