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Read the following hypothetical Trial Balance extracted from the books of Sh. Agneshwar Som and answer the given questions:
In the Books of Sh. Agneshwar Som
Trial Balance as on 31/12/2019
Q. Where will the postage be recorded in the Final Accounts?
  • a)
    Trading Account
  • b)
    Profit and Loss Account
  • c)
    Balance Sheet
  • d)
    Both (i) and (iii)
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Read the following hypothetical Trial Balance extracted from the book...
Postage expenses are indirect expenses. Therefore, these expenses are shown in expenditure side of profit and loss account.
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Read the following hypothetical Trial Balance extracted from the books of Sh. Agneshwar Som and answer the given questions:In the Books of Sh. Agneshwar SomTrial Balance as on 31/12/2019Q. Where will the postage be recorded in the Final Accounts?a)Trading Accountb)Profit and Loss Accountc)Balance Sheetd)Both (i) and (iii)Correct answer is option 'B'. Can you explain this answer?
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Read the following hypothetical Trial Balance extracted from the books of Sh. Agneshwar Som and answer the given questions:In the Books of Sh. Agneshwar SomTrial Balance as on 31/12/2019Q. Where will the postage be recorded in the Final Accounts?a)Trading Accountb)Profit and Loss Accountc)Balance Sheetd)Both (i) and (iii)Correct answer is option 'B'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Read the following hypothetical Trial Balance extracted from the books of Sh. Agneshwar Som and answer the given questions:In the Books of Sh. Agneshwar SomTrial Balance as on 31/12/2019Q. Where will the postage be recorded in the Final Accounts?a)Trading Accountb)Profit and Loss Accountc)Balance Sheetd)Both (i) and (iii)Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following hypothetical Trial Balance extracted from the books of Sh. Agneshwar Som and answer the given questions:In the Books of Sh. Agneshwar SomTrial Balance as on 31/12/2019Q. Where will the postage be recorded in the Final Accounts?a)Trading Accountb)Profit and Loss Accountc)Balance Sheetd)Both (i) and (iii)Correct answer is option 'B'. Can you explain this answer?.
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