At the end of the year, Demurrage A/c closed and transferred to which account ?
A. Profit & Loss A/c
B. Business Expense A/c
C. Purchase Expense A/c
D. Trading A/c
Answer:D
At the end of the year, Demurrage A/c closed and transferred to which account ?
A. Profit & Loss A/c B. Business Expense A/c C. Purchase Expense A/c D. Trading A/c