Question

Apprentice premium is a which type of account

Answer 1

Apprentice Premium is received for providing training to someone. It is an indirect income of the business. Therefore, it is shown on the credit side of Profit and Loss A/c.

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Answer 2

Here is your answer ⤵⤵⤵⤵

It is an income that is received for providing training to someone.

It will be recorded on the credit side of profit n loss account.

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