Accountancy, asked by mannan5690, 4 months ago

closing stock adjusted rs10000

Answers

Answered by poornimaverma0102

1

Answer:

Then, Adjusted Purchases amount may be taken to the debit side of Trading Account and Closing Stock appear on the Asset side of Balance Sheet. It should be noted that under this circumstance, Closing Stock will not appear in Trading Account. In the following year, the Closing Stock becomes Opening Stock.

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