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📖 generic · CBSE Class 11 English medium · ACCOUNTANCY · Page 4poem

sheet as on that date shall appear as follows :

Chapter 10: Financial Statements - II · ACCOUNTANCY

sheet as on that date shall appear as follows : Trading and Profit and Loss Account of Ankit for the year ended March , Cr. Expenses/Losses Revenues/Gains , , , , Gross profit c/d , , , , , Salaries , Gross profit b/d , Rent of building , Commission received , Net profit (transferred to , Ankit’s capital account) , ,

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n chapter 9, you learnt about the preparation of→simple final accounts in the format of trading and→profit and loss account and balance sheet. The→preparation of simple final accounts pre-supposes→the absence of any accounting complexities which→

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