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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Closing stock is an item of ________. - Accountancy

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Question

Closing stock is an item of ________.

Options

  • Fixed asset

  • Current asset

  • Fictitious asset

  • Intangible asset

MCQ
Fill in the Blanks
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Solution

Closing stock is an item of current asset.

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Chapter 12: Final Accounts of Sole Proprietors - 1 - Multiple choice questions [Page 263]

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Samacheer Kalvi Accountancy [English] Class 11 TN Board
Chapter 12 Final Accounts of Sole Proprietors - 1
Multiple choice questions | Q I 1. | Page 263
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