Question: The correct entry to record gross loss is: Select one: a.Debit Gross Loss and credit Profit & Loss b.Debit Profit & Loss and credit Capital

The correct entry to record gross loss is:

Select one:

a.Debit Gross Loss and credit Profit & Loss

b.Debit Profit & Loss and credit Capital

c.Debit Trading and credit Profit and Loss

d.Debit Profit and Loss and credit Trading

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