CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Disclosure of Share Capital

All accounts ...

Question

All accounts related to goods and direct expenses are recorded in ___________ account.

A

trading

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

profit and loss

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

cash

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

capital

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C trading
Trading Account is an account which is prepared to record all the items of purchases and sales or say direct expenses related to purchase and sales. It basically shows the direct business profit.

Suggest Corrections

thumbs-up

0

Similar questions

Q. _______ is a book of account, in which all types of accounts relating to assets, liabilities, capital, expenses and revenues are maintained.

Q. _____ is a book of account; in which all types of accounts relating to assets, liabilities, capital, expenses and revenues are maintained.

Q. Ledger is the ____ of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded.

Q. _______ is the principal book of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded.

Q. _________ is the principal book of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Understanding Balance Sheet

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Disclosure of Share Capital

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon