____________ account is prepared to adjust the loads included in the value of opening stock and closing stock.

Related MCQs

• Which accounting concept specifies the practice of crediting closing stock to the trading account?
• H.O. sent Rs 5000 as petty cash to branch during the year. Opening and closing balances of petty cash was Rs 1400 and Rs 400 respectively. Then petty expenses of the branch during the year will be ______
• If the opening balance of debtors is Rs 16,000 and closing balance is Rs 80,000, cash received from debtors is Rs 35,000 and bad debts is Rs 1,000, then what will be the amount of credit sales?
• Goods are sent to branch at cost plus 20%. If closing stock of the branch is Rs 60,000 at invoice price, Rs ______ will be credited to stock reserve a/c.
• If the opening balance of petty cash is Rs 1000, closing balance is Rs 500 and the petty cash received from HO is Rs 700, then what will be the amount of sundry expenses _____
• Opening balance of debtors a/c is Rs 1,40,000. Credit sales is Rs 10,74,000 and closing balance of Debtors a/c is Rs 1,90,000. What is the amount of cash collection from the debtors?
• The Branch Account prepared under Final Account System is the nature of:
• The profit included in surplus or shortage of stock is transferred to ______ account
• In final account system, Branch Trading and Profit & Loss A/c is prepared at ________
• If the Market value of closing Inventory is less than its cost price, inventory will he shown at ____