Opening stock + purchases + direct expenses – closing stock =

Related MCQs

• The normal and abnormal stock of goods doesn’t appear in branch account as the closing stock is at the…………….figure.
• The independent branches are autonomous as they are allowed to make their own purchases from open markers and pay for their expenses.
• If the closing capital is more than the opening capital it’s shows an increase in capital which means a ……………
• If value of Insurance Policy is 21000, Stock on date of Fire is 24000 and Loss of stock is 20000 then Amount of Claim for stock will be ……………
• If value of Insurance Policy is 31500, Stock on date of Fire is 36000 and Loss of stock is 27000 then Amount of Claim for stock will be ……………
• If value of Insurance Policy is 63000, Stock on date of Fire is 72000 and Loss of stock is 54000 then Amount of Claim for stock will be ……………
• A ---------- policy covers loss of stock, fixed asset, profit, expenses etc.
• If value of stock on date of fire is 429000, salvage is 1570000 then stock destroyed by fire will ………………
• If value of stock on date of fire is 420000, salvage is 1500000 then stock destroyed by fire will ………………
• If value of stock on date of fire is 420000, salvage is 10000 then stock destroyed by fire will ………………