closing stock two effects
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Explanation:
Closing Stock is shown on the Credit Side of Trading Account. 2. Closing Stock is shown on the Asset Side of Balance Sheet. ... 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
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Closing Stock is shown on the Credit Side of Trading Account. 2. Closing Stock is shown on the Asset Side of Balance Sheet. ... 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.
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