Multiple Choice Questions on In order to find out the value of the closing stock during the end of the financial year we ........ for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

In order to find out the value of the closing stock during the end of the financial year we ........

Accountancy (11th) Chapter-3 Recording of treatment-1
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    In order to find out the value of the closing stock during the end of the financial year we,

    do this by stocktaking

    Correct Answer

    deduct the cost of goods sold from sales

    Incorrect Answer

    deduct opening stock from the cost of goods sold

    Incorrect Answer

    look in the stock account

    Incorrect Answer
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    Explanation:

    do this by stocktaking

    By: santosh
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