Question

Complete the Table 

Name of Account –  Account group in financial Account 

Sundry Debtors –  Balance sheet, Asset side

1. Indirect Income ____________

2. Current Liabilities ___________

3. Stock in hand ___________

4. Sales Account __________

Answer 1

1. Profit & Loss Account, Credit side 

2. Balances Sheet, Liability side 

3. Balance Sheet, Asset side 

4. Trading Account, Credit side