Question

1
A
Do you agree
Statements
or
disagree with the following
2) indirect expenses are debited to Trading
Account:​

Answer 1

Answer:

Disagree

Explanation:

Trading A/c. keeps record of direct incomes/expenses. Whereas Profit and loss A/c. keeps record of direct incomes/expenses.

So Indirect Expenses should be debited to Profit & Loss A/c.