Which of the following is not debited to departmental profit &
loss account?
Carraing
inward
Rent &
rates
Salaries
Commission
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Answers
Answer:
carriage inward is a item of trading account as it is a direct expense.
"Commission Received"
Explanation:
Commission is not debited to departmental profit & loss account.
A Departmental Trading and Profit and Loss Account is opened for every individual division in a columnar structure along with a different segment for 'All out' to learn the singular aftereffect of the various offices and furthermore overall. However, the Balance Sheet is ready in a consolidated structure.
Selling and appropriating costs are charged in benefit and misfortune account. These costs brought about in keeping up with and advancing deals. The monetary costs that remember revenue for the advance, credit, premium on bank overdraft, bank charges and so on are charged in benefit and misfortune account.