Multiple Choice Questions on Why in the heading of Trading a c the words 39 for the year ended 39 are used ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

Why in the heading of Trading a c the words 39 for the year ended 39 are used ........

General Accounting Principles Accounting cycles
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    Why in the heading of Trading a/c the words' for the year ended............' are used?

    To disclose about the expenses for the  business

    Incorrect Answer

    it discloses the position of the business for the full accounting year and not a particular point of time

    Correct Answer

    to disclose the position of business partly for the year and at a particular point iof time

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

    In the heading of Trading a/c the words' for the year ended............' are used because it discloses the position of the business for the full accounting year and not at a particular point of time.

    By: SWAPNIL AGGARWAL
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