GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2

Discussion Forum: GENERAL ACCOUNTING PRINCIPLES (GENERAL STUDIES) Part-2 - Q.No: 6

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6. All direct expenses are ____ to Trading account and all indirect expenses are ____ to Profit and Loss account. []

  1. (a) Debited, Debited
  2. (b) Debited, Credited
  3. (c) Credited , Debited
  4. (d) Credited , Credited

Correct Answer: (a) Debited, Debited

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