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Commerce · Q173

Miscellaneous in Commerce

Graduate and Post Graduate · Commerce · question 173

Q173

If closing stock appears in the trial balance, it should be:

A.
Credited to the trading account
Answer
B.
Credited to the profit and loss account
C.
Deducted from the purchases in the trading account
D.
Shown on the liability side of the balance sheet

Answer: Option A

Solution

Answer: Option A
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