Under the Stock and Debtor system of branch accounting, the balance in the Branch P & L Account will be net profit or net loss and will be transferred to:

1
Branch Profit & Loss A/c
2
General Profit & Loss A/c
3
Capital Reserve A/c
4
Either 1 or 2

Sponsored

hivanix.in

Visit

This quiz is brought to you by hivanix.in

🌐 Web App Development

Quick Navigation