Financial Accounting MCQs

Which accounting concept specifies thepractice of crediting closing stock to the trading account?

April 23, 2022

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Which accounting concept specifies thepractice of crediting closing stock to the trading account?

Q. Which accounting concept specifies thepractice of crediting closing stock to the trading account?

A. Matching

B. Cost

C. Realisation

D. Going concern

Answer: Matching

Which accounting concept specifies thepractice of crediting closing stock to the trading account?

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