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Do you agree or disagree with the following statement:i. Reserve for bad debts is created by debiting Profit and Loss Account.ii. A balance Sheet is a statement as well as an account.iii. Indirect Expenses are debited to Trading Account.iv. Bank Overdraft is treated as an Internal Liability.v. Capital is excess of Liabilities over Assets. |
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Answer» i. Agree ii. Disagree iii. Disagree iv. Disagree v. Disagree |
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