i. Reserve for bad debts is created by debiting Profit and Loss Account. ii. A balance Sheet is a statement as well as an account.

Monjur Alahi

Do you agree or disagree with the following statement:

i. Reserve for bad debts is created by debiting Profit and Loss Account.

ii. A balance Sheet is a statement as well as an account.

iii. Indirect Expenses are debited to Trading Account.

iv. Bank Overdraft is treated as an Internal Liability.

v. Capital is excess of Liabilities over Assets.


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Salim Ahmed Kawsar

Call

i. Agree

ii. Disagree

iii. Disagree

iv. Disagree

v. Disagree

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