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📖 generic · CBSE Class 11 English medium · ACCOUNTANCY · Page 21poem

(Rs. 5,000 × 10/100), which has been shown on the debit side of the trading

Chapter 9: Financial Statements - I · ACCOUNTANCY

(Rs. , × / ), which has been shown on the debit side of the trading and profit and loss account (figure . ). Trading and Profit and Loss Account of Ankit for the year ended March , Expenses/Losses Revenues/Gains , Closing stock Gross profit c/d , , , , , , Gross profit b/d , Rent of building , Commission received Interest Net Profit (transfered to , capital account) , , Fig. . : Showing the treatment of interest on profit

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ou have learnt that financial accounting is a→well-defined sequential activity which begins→with Journal (Journalising), Ledger (Posting), and→preparation of Trial Balance (Balancing and→Summarisation at the first stage). In the present→

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