Question

All indirect expenses are debited to ________ account. (Fill in the blank by choosing correct option)
a) trading
b) capital
c) profit and loss
d) current

Answer 1

all indirect expenses are crdited to trading account

Answer 2

Answer:

a) trading

Explanation:

All indirect expenses are debited to the trading account.

A trading account is any investment account that contains securities, money or other assets. Trading account most frequently relates to the main account of a day trader.

All indirect expenses are debited to the account of trading. Trading account is the account's first phase in preparing final accounts. Its main components are services on the debit side, services on the credit side of such sales or services on the debit and sales side.