The balance of which of the following accounts do not disappear, once they are debited/credited to Trading Account?

Accounting Mcqs 06/01/2024

A. Sales
B. Purchases
C. Inward returns
D. Closing stock

The closing stock D. is the value of goods which remain unsold at the end of the period whose balance appears once in Trading Account and once in Balance Sheet of the business.
All other accounts sales A., purchases B. and Inward Returns C. are closed once they are absorbed by the Trading Account. Thus D. is the correct answer.

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