1.

Identify the group and sub group under which the following ledger accounts are to be created. (a) Depreciation (b) Carriage inward (c) Bills Receivable (d) Drawings

Answer»
Ledger AccountGroupSub Group
a)Depreciationindirect expenses None
b)Carriage inwardDirect ExpensesNone
c)Bills receivableCurrent AssestsSundry Debtors
d)DrawingsCapitalNone



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