Question

(2) Closing stock is shown outside the trial Balance False
(3) Drawing of goods is deducted from Purchaser. Tou
(4) Accounting Period is Generally of one year. True
(5) Balance sheet is Prepared on the basis Trial Balance​

Answer 1

(2) Closing stock is shown outside the trial Balance False

(3) Drawing of goods is deducted from Purchaser. Tou

(4) Accounting Period is Generally of one year. True

(5) Balance sheet is Prepared on the basis Trial Balance