Practicing Success
Practicing Success
CUET Preparation Today
| Which account is opened by a partnership firm in case of any error or omission of the transaction is found after the preparation of final accounts? |
P & L account P & L Adjustment account P & L Appropriation account None of these |
| P & L Adjustment account |
| Instead of altering old accounts, profit and loss adjustment account is opened by the firm for adjustments relating to any error or omission of any transaction. |
