Sale of office furniture should be credited to Profit and Loss Account. [RTP Jan. 2025]
Options
A
B
C
D
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Accounting ProcessQuestion 4673 of 84
All Questions Correct Answer
✅ Option — Correct Option
All Options:
- A
- B
- C
- D
Detailed Solution & Explanation
False: Sale of office furniture should be credited to Furniture account since it is a capital
receipt.
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