📒
Which of the following will not appear in Profit and Loss Account of a business?
Accountingmedium
is the correct answer.
BBad debts
CAccrued expenses
DReserve for discount on Sundry Creditors Profit and Loss Account is an income statement which depicts all incomes/gains and expenses/losses during an accounting period. Drawings are neither an income nor an expense to be recorded in Profit and Loss Account. Thus
Correct Answer: A. is the correct answer.
Related Questions
Accounting
The assets which have some market value are called ____________?
Accounting
Assets having physical existence are called ___________?
Accounting
When owner withdraw cash for its private use, it is called ___________?
Accounting
Building and furniture are called ____________?
Accounting
Which of the following is true about a trial balance?