Net profit is transferred to ---- account.
AIncome Summary
BDrawing
CExpense
DCapital
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Related Questions:
Identify the debit and credit aspect of the following business transactions. "Goods taken by the owner for his personal use."
Process of becoming out of date or obsolete is termed as:
Which liability is usually paid off within one year?
Agreement of trial balance is affected by:
The liabilities that are payable in more than a year