Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Which balance is not considered for closing entries on t he basis of trial balance fortransferring to Trading and Profit & Loss Account?

/ » Fundamentals of Accounting solved MCQs / By
Question:

Which balance is not considered for closing entries on t he basis of trial balance fortransferring to Trading and Profit & Loss Account?

A.

Salary and Wages

B.

Discount Received

C.

Commission Paid

D.

Cash in Hand

Answer» d. Cash in Hand

Note: The above multiple-choice question is for all general and Competitive Exams in India.