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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

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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.

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