The account prepared to find out the stock as on the date of fire is known as ……………………………… trading accounts.

Name: The account prepared to find out the stock as on the date of fire is known as ……………………………… trading accounts.
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Question

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Memorandum trading accounts are prepared to estimate the value of stock as on the date of a fire or any other disaster, when actual physical stock verification is not possible.

The Account Prepared to Find Out the Stock as on the Date