Q2881
Consider the following statements: A credit purchase during the accounting year which was not recorded in the books of account but included in the closing stock is to be: I. added to the credit purchases account II. added to the creditors account III. subtracted from the closing stock IV. added to the opening stock Which of the statements given above is/are correct?
A.
III only
B.
I and II
AnswerC.
II and III
D.
II, III and IV
Answer: Option B
Solution
Answer: Option B
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