Trading Account shows the results of buying and selling of goods. Select one: a. True b. False In income statement if the net sale 100000 JDs and the cost of goods sold 50000 JDs and the expense is 10000 JDs. The net profit is? Select one: a. 60000 JDs b. 40000 JDs c. 50000 JDs d. 100000 JDs Every transaction will affect how many accounts? Select one: a. None of all b. Two or more c. Only one d. Only two In the ledger book if the Credit side total of the account is more than the Debit side total the balance will be? Select one: a. Zero balance b. Even balance c. Debit balance d. Credit balance All types of discount record in books EXCEPT: Select one: a. Quantity discount b. Cash discount c. Sales discount d. Trade discount