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Subject - Accounting:

Financial Accounting

MCQ - 110-112

Question:

The unfavorable balance of Profit and Loss account should be:

  1. Added in liabilities
  2. Subtracted from current assets
  3. Subtracted from capital
  4. Subtracted from current assets

Correct Answer: C

Explanation:

Not required

Record Performance

355 MCQ for effective preparation of the test of Financial Accounting of Accounting section.

Read the MCQ statement: The unfavorable balance of Profit and Loss account should be: , keenly and apply the method you have learn through the video lessons for Financial Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 110-112.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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