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Accounting-Mcqs

The unfavorable balance of Profit and Loss account should be

Added to liabilities Subtracted from current assets Subtracted from capital Subtracted from liabilities

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Accounting Mcqs

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This Chapter Accounting-Mcqs consists of the following topics

Which of the following is an example of business liability?

The unfavorable balance of Profit and Loss account should be

Which of the following account will be credited, if business bought goods on credit from Mr. Z?

The unfavorable balance of Profit and Loss account should be

Accounting Mcqs

Accounting