Question

Where does "Power" will go? Trading Account Or Profit and Loss Account?

Answer 1

Answer:

Power in trading Account

Explanation:

BECAUSE IT IS A DIRECT EXPENSE

Answer 2

Answer:

"Power" will go in Trading Account.

Explanation:

Both power and lightning are classified as expenses and are shown on the debit side of the trading account since they directly contribute to the creation or manufacturing of a product, which is why they are treated as direct expenses and debited in the trading account.

• Indirect expenses are those that are not direct expenses. These are expenses that cannot be readily, conveniently, or completely allocated to cost centres or cost units. For example, factory rent and insurance, power, general repairs, and so on.
• An investment account is a trading account. It contains an investor's cash and securities holdings. Day traders frequently use trading accounts to buy and sell securities, resulting in large transaction volumes. An investor may open multiple accounts, each for a particular reason.
• A profit and loss account displays a company's revenue and expenses for a specific time period, usually one month or consolidated months across a year. These data indicate whether your company produced a profit or a loss during that time period.

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