General Reserve Account always shows -  (A) Debit balance  (B) Credit balance  (C) Debit & credit balance  (D) None of these

i. (a) credit ii. (c) current iii. (a) favourable iv. (d) common v. (a) uncommon

This statement is True. The credit side of profit and loss A/c represents incomes when the credit side is greater than the debit side (expenses) it shows the Net Profit of...

i. Agree ii. Disagree iii. Disagree iv. Disagree v. Disagree

When the credit side of the Profit and Loss account is greater than the debit side, it is called Net Profit.

Correct option is: (B) Real Account

Correct option is: (A) Personal Account

(i) Ledger (ii) Bank Overdraft (iii) Ledger Posting (iv) L.F. No. (v) Credit Side

Correct option is (d) Debit

Correct option is (c) Debit

Correct option is (c) credit