Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 7 - No. 11) | ExamPlay

Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 7 - No. 11)

What types of accounts are transferred to the income statement at the end of the accounting year?

Sales

Purchases

Rent

Bank Loan

Explanation

Sales, Purchases, and Rent accounts are transferred to the income statement.

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