Q1695
Assertion (A): In preparing final accounts, if closing stock is given in the trial balance, it is shown only in the Balance Sheet. Reason (R): Any item appearing in the trial balance is treated only at one place i.e. either in the trading and profit & loss a/c or in the balance sheet. Now, select the correct answer:
A.
Both (A) and (R) are true and (R) is the correct explanation of (A)
AnswerB.
Both (A) and (R) are true, but (R) is not correct explanation of (A)
C.
(A) is true but (R) is false
D.
(A) is false but (R) is true
Answer: Option A
Solution
Answer: Option A
No explanation is given for this question Let's Discuss on Board