Question

closing stock undervalued​

Answer 1

Answer:

9874565

Explanation:

fiihuuyu

Answer 2

Answer:

The answer is option b subject to

Explanation:

Now, when closing stock is under-valued it means Trading A/c will give lower gross profit and Profit and Loss A/c will give lower net profit. ... Therefore, under-valued closing stock in current year, indicates under-valued opening stock in the subsequent year.