Answered: Q16)Which accounting concept specifies…

Q16)Which accounting concept specifies the practice of crediting closing stock to the trading account a) Cost b) Realisation c)Cloing concem d)Matching expendeure

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Q16)Which accounting concept specifies the practice of crediting closing stock to the trading account

a) Cost b) Realisation c)Cloing concem d)Matching expendeure

Q17) Ammnt spent to increasing the coming capacity is a

a) Capital b) Revenue ch Defened revenus d) Capital Loss

Q18) Change in the capital Ale of proprietor may occur due to

a) Prufit carmed b) Less incurred c) Capital Introduced d) All of the above

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