Cost of goods old can be calculated by:
A) Balance sheet
B) Profit& loss account
C) Trading accoun
Correct Answer:
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Q48: The policy of anticipate no profit and
Q49: In every business transaction at least _parties
Q50: Accounts receivable normally has _ balance
A)Credit
B)Debit
C)Negativ
Q51: Financial statements are the part of _
A)Book-
Q52: Bank account is a _
A)Personal accounting
B)Real account
C)Nominal
Q54: Capital expenditure are recorded in the _
A)Balance
Q55: Nominal accounts are related to
A)Assets& liability
B)Expenses &
Q56: Sales journal is used for recording
A)Cash sales
B)Credit
Q57: Trading account is a _account
A)Real
B)Nominal
C)Persona
Q58: Closing stock is valued at _
A)Market price
B)Cost
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