A

Admin • 833.24K Points
Coach

Q. The balance of which account is never transferred to the profit and loss account?

  • (A) Sales A/c
  • (B) Purchases A/c
  • (C) Capital A/c
  • (D) Rent A/c
  • Correct Answer - Option(C)
  • Views: 17
  • Filed under category Accounting
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Explanation by: Admin

Capital A/c is a personal account and appears in the balance sheet, not P&L A/c.

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