Accounting Test Easy Mode

Sr. #	Questions	Answers Choice
1	Net Sales represent	Sales - return outwards Sales - return inwards Sales - return to supplier both b and c
2	Interest paid on loan is	Abnormal Loss Financial Expenses Management Expenses Maintenance Expenses
3	Office rent is a	Financial Expense Abnormal Loss Management Expense Maintenance Expense
4	Net Profit is transferred to	Trading Account Balance Sheet Capital a/c Trial Balance
5	Profit & Loss a/c is prepared to ascertain	Gross Profit Net Profit Gross Loss Real Profit

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