Closing stock in the Trial Balance implies that______________??

Accounting Mcqs
BILAL KHATTAK0

A. It is already adjusted in the opening stock 
B. It is adjusted in the Purchase A/c 
C. It is adjusted in the Cost of Sale A/c
D. It is adjusted in the Profit

Related Mcqs:

  1. Closing stock appearing in the Trial Balance is shown in:?
  2. While finalizing the current year‘s accounts, the company realized that an error was made in the calculation of closing stock of the previous year. In the previous year, closing stock was valued more by 50,000. As a result?
  3. Closing stock is generally valued at______________??
  4. Property, Plant and Equipment are conventionally presented in the Balance Sheet at _________??
  5. If unexpired insurance appears in the Trial Balance, it should be:?
  6. Favorable balance of bank statement implies that?
  7. Depreciation Account appearing in the Trial Balance is shown in:?
  8. Favorable balance of cash book implies that?
  9. Which of the following statements is correct about Trial Balance??
  10. Find the value of opening stock from the following data. Purchases 1,50,000, Closing stock 30,000 Sales 2,20,000, Gross profit 40,000.?

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