Download App

Final Accounts of a Proprietary Concern — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyFinal Accounts of a Proprietary Concern1 Mark
Question
Gross Profit is transferred to _____________ account.
✓

Answer

Profit and Loss A/c

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Complete the following sentences/Table" from Final Accounts of a Proprietary Concern→Final Accounts of a Proprietary Concern — all question types→Book Keeping & Accountancy STD 11 Commerce / Arts question papers→Maharashtra Board STD 11 Commerce / Arts question papers→Maharashtra Board question paper generator→

Similar questions

Businessman open ____________ type of bank account.
→
An expenditure which is basically revenue in nature but the benefit of which is not exhausted within one year is called as _____________
→
An institution which provides standard of accounting in India called ____________
→
Loss on sale of old machine is ____________ loss.
→
AccountDr. BalanceCr. Balance
1. Salary A/c
2. Purchase A/c
3. Sales Return A/c
4. Machinery A/c
5. Bank Balance A/c
6. Cash Balance A/c
7. Sale A/c
→
The process of recording transaction into journal is called ___________
→
___________ discount is not recorded in the books of accounts.
→
An item of ₹ 95 has been debited to a personal account as ₹ 59. It is an error of ___________
→
Discount AllowedDebit balance
Discount Received?
→
There are ___________ parties to a cheque.
→