A. In Trading A/c
B. In Profit and Loss Appropriation A/c
C. Profit and Loss A/c
D. Being a non operating item ignored
Related Mcqs:
- Revenue receipts are shown in___________??
- A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is charged @ 10% on SLM method, find the profit or loss on sale of the car??
- A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is charged @ 10% on written down value method, find the profit or loss on sale of the Second hand car??
- Carriage on goods purchased is shown in:___________??
- Goods in stock worth 800 are destroyed by fire and the Insurance Co. is accepted the claim for 600. Adjustment would involve?
- Which of the following statements is correct about Depreciation??
- Any gain on the sale of non-current assets should be _________ from the net profit and the loss must be _________to the net profit in determining fund from operation??
- Capital expenses are shown in___________??
- Depreciation Account appearing in the Trial Balance is shown in:?
- Closing stock appearing in the Trial Balance is shown in:?
