All expenses are shown on _______ side of profit or loss account.

Debit

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Credit

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Both A & B

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None of these

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Solution

The correct option is A
Debit

All expenses are shown on debit side of profit or loss account

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Similar questions

State whether the following statement are true or false.

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5. An amount of net profit is added to the capital.
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Q. All direct expenses are shown on the debit side of the trading account and all indirect expenses are shown on the debit side of the _____.

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All expenses are shown on _______ side of profit or loss account.

The correct option is A Debit All expenses are shown on debit side of profit or loss account

The correct option is A
Debit

All expenses are shown on debit side of profit or loss account