Indicate by choosing the correct option whether the following statement is true or false: At the end of the financial year, the gross profit calculated in the profit or loss account is transferred to the trading account. Select one: O True O False h

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