The profit included in surplus or shortage of stock is transferred to ______ account

Related MCQs

• ____________ account shows the shortage or surplus of stock.
• ____________ account is prepared to adjust the loads included in the value of opening stock and closing stock.
• The balance of branch adjustment account is transferred to _________ account
• The stock reserve for unrealised profit will be ________ to the H.O profit & Loss A/C
• On the retirement of a partner any reserve being should be transferred to the capital account of:
• In the books of Hirer, the interest and depreciation account will be transferred to ______.
• Which of the following accounts can be transferred to capital redemption reserve account?
• After the issue of forfeited shares, balance of forfeited shares account Is transferred to
• 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.
• HO sends goods to branch at 20% profit on invoice price, therefore the percentage of profit on cost comes to ______