Opening Net Profit balance should be enter in________.
A. Profit & Loss - Current Year
B. Profit & Loss - Previous Year
C. Profit & Loss A/c
D. Opening Balance PL A/c
Answer:B
Opening Net Profit balance should be enter in________.
A. Profit & Loss - Current Year B. Profit & Loss - Previous Year C. Profit & Loss A/c D. Opening Balance PL A/c