Indicate by choosing the correct option whether the following statement is true or false: At the end of the financial year, the loss calculated in the profit or loss account in the general ledger is to transferred to the capital account by debiting the profit or loss account and crediting the capital account. Select one: True False Indicate by choosing the correct option whether the following statement is true or false: At the end of the financial year, the loss calculated in the profit or loss account in the general ledger is to transferred to the capital account by debiting the profit or loss account and crediting the capital account. Select one: True False