Question

1- The balance of trading account is transferred to the _________ account.
2- Additional expenditure on extension of an existing building is a ________ expenditure.
3- _________ and income statement are parts of financial statements. 4- Primary packing materials are treated as __________ materials.

Answer 1

Answer:

1 ) profit and loss account

2) capital

3)cash flow, balance sheet

4)direct material

Explanation:

in third m nt sure because financial statement has three main parts cash flow, balance sheet and income statement. so I think both are fine.