The balance of the profit and loss account in one of the companies appeared as the following: H / Profits and losses Debtor Danin 20 Total profit (trading) Income shares deduction amount creditor deduction allowed general and administrative expenses Water and electricity deduction earned salaries 500 net profit, e net loss required: clarify the validity or not The validity of the above account, if your answer was negative, explaining the reason for that?

NO DATE The balance of profit and loss account in one of the compacte appearedas follows The profit and forsace accounf Debet crevit Ceneral and administrative expenses. cross profit (trode). Tho > 250 water and electricity 300 stock revenne. Farnedd isceant 150 Income creditor shares. 50 Discount allowed 8oo 300 payroll Net profit Net loss. was in the negat Required: Explain the correct nessros incorrectness of the above and cula if your answer explain the reason for this NO DATE The balance of profit and loss account in one of the compacte appearedas follows The profit and forsace accounf Debet crevit Ceneral and administrative expenses. cross profit (trode). Tho > 250 water and electricity 300 stock revenne. Farnedd isceant 150 Income creditor shares. 50 Discount allowed 8oo 300 payroll Net profit Net loss. was in the negat Required: Explain the correct nessros incorrectness of the above and cula if your answer explain the reason for this