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Commerce · Q400

Auditing

Graduate and Post Graduate · Commerce · question 400

Q400

Closing stock is recorded in the books of accounts through:

A.
an adjustment entry
B.
a closing entry
C.
a closing entry or by adjusting pruchases through an adjustment entry
Answer
D.
a opening entry
E.
a suspense entry

Answer: Option C

Solution

Answer: Option C
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