Closing stock appearing in the Trial Balance is shown in:

Related Mcqs:

________ is the gross inflow of economic benefits?

A. Assets B. Liabilities C. Income D. Expenses...

Payment of expenses will ______ the assets

A. Increase B. Reduce C. apportion D. Overstate...

Outstanding salaries is shown as___________?

A. An Asset in the Balance Sheet B. A Liability C. By adjusting it in the P & L A/c D. Both B. and C. above...

Profit on sale of old plant is:___________?

A. In Trading A/c B. In Profit and Loss Appropriation A/c C. Profit and Loss A/c D. Being a non operating item ignored...

Costs that change in response to alternative courses of action are called___________?

A. Relevant costs B. Differential costs C. Target costs D. Sunk costs...