Economics · Financial Accounting
If it is given in the adjustment that during the accounting year, the trader distributed goods worth ₹5,000 as free samples, how will this be shown while preparing the Final Accounts?
- 1Only in the Balance Sheet
- 2Only in the Trading Account
- 3Both in the Trading Account and the Profit and Loss Account✓
- 4Only in the Profit and Loss Account
Correct answer
Both in the Trading Account and the Profit and Loss Account
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