CameraIcon

SearchIcon

MyQuestionIcon

1

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

Realisation of Assets and Liabilities - Comprehensive

Give the word...

Question

Give the word / term or phrase which can substitute each of the following statement.

The debit balance of Trading Account.

Open in App

Solution

Gross Loss

Explanation: The debit balance of the Trading Account is termed as gross loss because the amount of purchases and the expenses directly related with purchases is more than the amount of sales.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Give the word / term or phrase which can substitute each of the following statement.

The credit balance of Trading Account.

Q. Give one word/ term or phrase for each of the following statements.
Closing debit balance of Trading Account.

Q. Give one word, term or phrase which can substitute each of following statements:
A list of Debit and Credit Balances of the ledger accounts.

Q. Give the word / term or phrase which can substitute each of the following statement.

The credit balance of Profit and Loss Account.

Q. Write the word / term / phrase which can substitute each of the following Statements.

The method in which Trading Account, Profit and Loss Account and Balance Sheet can be prepared.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Other Aspects of Realisation

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Realisation of Assets and Liabilities - Comprehensive

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon