Multiple Choice Questions on The unfavorable balance of Profit and Loss account should be ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

The unfavorable balance of Profit and Loss account should be ........

Accountancy (Phase -I & II) Company Final Accounts
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    The unfavorable balance of Profit and Loss account should be

    Added to liabilities

    Incorrect Answer

    Subtracted from current assets

    Incorrect Answer

    Subtracted from capital

    Correct Answer

    Subtracted from liabilities

    Incorrect Answer
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    Explanation:

    Loss is subtracted from capital account and profit is added to capital account.

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