The amount of opening stock can be ascertained by preparing
A) Memorandum trading account
B) total creditors account
C) total debtors account
D) opening statement of affairs.
Correct Answer:
Verified
Q10: Sales are equal to
A)Cost of goods sold
Q11: Interest on drawings is
A)An expenditure for the
Q12: Which of the following is a current
Q13: In the case of net worth method
Q14: Capital at the beginning of the year
Q16: The closing balance in the creditors account
Q17: the depreciation charged on an asset is
Q18: in case of straight line method, the
Q19: amortization is related to
A)Tangible fixed asset
B)intangible assets
C)any
Q20: Depletion method is more suitable for
A)Service industry
B)mining
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