The favorable balance of Profit and Loss account should be-12899
The favorable balance of Profit and Loss account should be:
This multiple choice question (MCQ) is related to the book/course vu mgt101 Financial Accounting. It can also be found in vu mgt101 Final Term - Quiz No.18.
The favorable balance of Profit and Loss account should be:
Added in liabilities
Subtracted from current assets
Subtracted from liabilities
Added in capital