MGT101 - Financial Accounting
Question(s) similar to the following:
Which one of the following is CORRECT about closing stock?
Question 1: Which one of the following is CORRECT about closing stock?
It appears in the asset side of the balance sheet
it decrease the value of cost of goods sold
It becomes the opening stock of the next year
All of the above
Similar Questions:
Question 2: Which one of the following is CORRECT about closing stock?
It appears in the asset side of the balance sheet
it decrease the value of cost of goods sold
It becomes the opening stock of the next year
All of the above
Question 3: Which one of the following is INCORRECT about closing Stock?
It is added into current assets
It is deducted from Material available for use
It becomes opening stock of next year
It reduces the resources of business
Question 4: Which one of the following is CORRECT about the closing stock?
It appears in the assets side of a balance sheet
It decreases the value of cost of goods sold
It becomes opening stock of next year
All of the given option
Quizzes of MGT101 - Financial Accounting
Question 1: Which one of the following is CORRECT about closing stock?
It appears in the asset side of the balance sheet
it decrease the value of cost of goods sold
It becomes the opening stock of the next year
All of the above
Similar Questions:
Question 2: Which one of the following is CORRECT about closing stock?
It appears in the asset side of the balance sheet
it decrease the value of cost of goods sold
It becomes the opening stock of the next year
All of the above
Question 3: Which one of the following is INCORRECT about closing Stock?
It is added into current assets
It is deducted from Material available for use
It becomes opening stock of next year
It reduces the resources of business
Question 4: Which one of the following is CORRECT about the closing stock?
It appears in the assets side of a balance sheet
It decreases the value of cost of goods sold
It becomes opening stock of next year
All of the given option
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