If closing stock appear on the trial balance it must have been ____
A) Added to the purchase
B) Added to the opening stock
C) Deducted from the purchases
D) Deducted from opening stock
Correct Answer:
Verified
Q8: Carriage out expenses are come under
A)Administrative expenses
B)Financial
Q9: Mines, quarries etc are
A)Fixed asset
B)Fictitious asset
C)Current asset
D)Wasting
Q10: The final accounts , when adjustment entry
Q11: The closing stock will appear in trial
Q12: Outstanding salary is shown on
A)Balance sheet
B)Trading account
C)Suspense
Q14: Discount on purchase will be
A)Debited to profit
Q15: Resources which are invested in permanent asset
Q16: Sales is equal to
A)Net income + expenses
Q17: The premium paid on the life policy
Q18: Expenses which have become due during the
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