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

Related MCQs

• Which accounting concept satisfy the valuation criteria
• According to the money measurement concept, the following will be recorded in the books of account of the business:
• In which of the following cases, accounting estimates are needed?
• Which key is pressed to post entries in double entry accounting system instead of single entry system in Tally.ERP9?
• Which shortcut key is used in ‘Company Feature’s screen to use Accounting Features in Tally?
• Which of the following is the predefined stock category in tally?
• Which shortcut key(s) are used to enter a stock journal in tally?
• What is root cause for financial accounting
• If nothing is given in the financial statements about the three accounting assumptions then it is to be treated as it
• Consistency with reference to application of accounting procedures means