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Pick the odd one out: (1) Credit Balance of Capital Ne (2) Credit Balance of Revaluation Ne (3) Debit Balance of Statement of Profit & Loss (4) Undistributed Reserve -

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Question

Pick the odd one out: 

Options

  • Credit Balance of Capital A/c 

  • Credit Balance of Revaluation A/c 

  • Debit Balance of Statement of Profit & Loss

  • Undistributed Reserve

MCQ

Solution

Debit Balance of Statement of Profit & Loss

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