At the end of year, after the closing of Capital account, where will be it transfered ?
A. To Trading A/c
B. To Profit & Loss A/c
C. To Balance Sheet
D. To Drawings A/c
Answer:C
At the end of year, after the closing of Capital account, where will be it transfered ?
A. To Trading A/c B. To Profit & Loss A/c C. To Balance Sheet D. To Drawings A/c