MCQOPTIONS
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| 1. |
Choose the true statement- |
| A. | Income and gain A/cs shows increase on credit side |
| B. | Expenses and losses A/cs shows reduction in balance on debit side |
| C. | Assets A/c can have credit balance also ; |
| D. | Debtors are the owing of the business |
| Answer» B. Expenses and losses A/cs shows reduction in balance on debit side | |