Accounting · Final Accounts
It is given in an adjustment that during the accounting year, a trader distributed goods worth ₹5,000 as free samples. While preparing the Final Accounts, this item will be shown in:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Profit and Loss Account only
- 2Both the Trading Account and the Profit and Loss Account✓
- 3Trading Account only
- 4Balance Sheet only
Correct answer
Both the Trading Account and the Profit and Loss Account
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