The unfavourable balance of profit and loss account should be

By Megha Chandrashekar
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The unfavorable balance of Profit and Loss account should be

The unfavourable balance of profit and loss account should be

A. Added to liabilities

B. Subtracted from current assets

C. Subtracted from capital

D. Subtracted from liabilities

 

Answer: Option C

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Megha Chandrashekar is a former Special Education Assistant who now spends her days running after her toddlers, all the while pursuing a freelance writing career