O & 11:0rdocs.google.com/forms/d/e DThe balance of the trading account closedin:Balance SheetProfit&loss a/cCash flow a/cAll aboveAll of the items below are fixed assetsexcept:LandEquipmentBuildingInventoryThe nature of the liabilities are:Predictive valueDept.CreditNeutrality

The resultant balance of trading account is Gross profit / Gross loss

Answered: The balance of the trading account…

The balance of the trading account closed in: Balance Sheet Profit&loss a/c Cash flow a/c O All above All of the items below are fixed assets

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

O & 11:0r
docs.google.com/forms/d/e D
The balance of the trading account closed
in:
Balance Sheet
Profit&loss a/c
Cash flow a/c
All above
All of the items below are fixed assets
except:
Land
Equipment
Building
Inventory
The nature of the liabilities are:
Predictive value
Dept.
Credit
Neutrality

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