Spot out the odd one and state reason
Direct wages
Productive wages
Manufacturing wages
Trading account
A balance sheet is only a _________ and not an account.
Statement
Information
Evidence
None of these
Gas
Fuel
Motive power
Wages
If sales tax or sales tax paid is mentioned on the debit side of trial balance, it will be written on the _________ side of Profit & Loss A/c.
Credit
Debit
Both of these
Balance of trading account is transferred to _________ a/c.
Capital
Profit & Loss A/c
Profit & Loss Appropriation
The Balance of Manufacturing account indicates
Cost of goods sold
Value of opening stock
Cost of goods Manufactured
___________ are interested to know the profitability position as well as the short term and long term financial soundness of the company
Management
Government
Investors
Tax authorities
At the time of preparation of balance sheet, the valuation of closing stock is
Optional
Compulsory
All of these
________ is a real surplus available for distribution.
Gross profit
Net Loss
Gross Loss
Net Profit
____________ statements are those statements which shows the financial position and result of the business activities.
Income statement
Financial statement
