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प्रश्न
Why is closing stock shown on the credit side of the Trading Account?
पर्याय
It is an expense
It increases gross profit
It is unsold goods representing value brought forward
It reduces purchases
MCQ
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उत्तर
It is unsold goods representing value brought forward
Explanation:
Closing stock is goods left unsold at the end of the period; it is shown on the credit side because its value is added in calculating gross profit.
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