Question

Match column ‘A’ with column ‘B’
‘A’ ‘B’
i. Closing Stock (a) Deducted from the value of assets
ii. Outstanding Expenses (b) Those expenses which have not became
due but have been paid during the
accounting year in question.
iii. Depreciation (c) Those expenses which have became due
but have not been paid in the concerned
accounting year.
iv. Prepaid expenses (d) Shown an the credit side of Trading A/c.

Answer 1

Answer:

i- d-shown on credit side of trading account

ii-c-

iii- a

iv- b