________ is a real surplus available for distribution.

The management is interested to know the financial position and profitability of the business to control the ________.

Expenses which are incurred for bringing the goods, purchased from the place of vender to the shop or factory are called _________.

A balance sheet is only a _________ and not an account.

Trading account covers the position of the whole of the accounting period and not at a particular point of time, hence the word ________ are used.

The information contained in a _________ is true only at that particular point of time to which it is prepared .

Spot out the odd one and state reason

Manufacturing Account is closed by transferring its balance to _________ a/c.

Rahul's trial balance provide you the following information debtors Rs. 80,000 Bad debits Rs.2,000 Provision for Bad debits 4,000. It is derived to maintain a provision for bad debt of Rs. 1,000. State the amount to be debited/credited in profit and loss account.

Net profit will be _________ to the capital account.