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प्रश्न
Closing Stock is an adjustment posted on the credit side of trading account and it appears as an asset in the Balance Sheet.
विकल्प
True
False
MCQ
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उत्तर
True
Explanation:
Closing stock (unsold goods at year-end) is credited in the Trading Account to compute gross profit and is shown as a current asset on the Balance Sheet, valued at cost or net realisable value.
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