Question

14. Name the concept of Accounting involved ineach of the following cases
(a) Goods solld on credit in march-2020, though cash nor received, taken as sales of the year ended
31.3.2020.
[b] Closing stock is valued at cost price (OR) market price whichever is less
(c) Capital is a liability for a business.​

Answer 1

Answer:

Closing stock in vapued at cost price or marking price whichever is less....

Explanation:

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Answer 2

Answer:

answer - c

Explanation:

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