CameraIcon

SearchIcon

MyQuestionIcon

1

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

Grouping of Items in Statement of Profit and Loss

if given appr...

Question

if given apprentice premium (given for work in factory ),is given in trial blance ,then where to include it and why

Open in App

Solution

Dear Student,
Apprentice Premium is an indirect income of the business which is received for giving training to the workers/employees.
Therefore, it will be shown on the credit side of Profit and Loss Account.

Keep posting!!

Suggest Corrections

thumbs-up

1

Similar questions

Q. Apprentice premium is credited to __________.

Q. If 'Prepaid Wages' is given in Trial Balance, it is shown in _____________.

Q. The number of workers working on a machine in a factory on any day in the week is given by the following line plot. Identify the line plot, from the given line plots (1 to 4), that uses the same data to represent the working days for the given number of workers.

When closing stock is given in trial balance, then it will effect:

Q. When closing stock is given in trial balance, then it will effect ___________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Statement of Profit and Loss

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Grouping of Items in Statement of Profit and Loss

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon