Question

Closing stock is shown in financial statement at

Answer 1

Answer:

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Explanation:

Closing Stock is shown on the Asset Side of Balance Sheet. But, sometimes in the Trial Balance, Adjusted Purchase is given and this means Opening Stock and Closing Stock are adjusted through purchases.

Answer 2

Explanation:

Closing Stock is shown on the Asset Side of Balance Sheet. But, sometimes in the Trial Balance, Adjusted Purchase is given and this means Opening Stock and Closing Stock are adjusted through purchases.

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