A

Admin • 833.24K Points
Coach

Q. Goods sent on approval basis should be shown as:

  • (A) Sales
  • (B) Closing stock
  • (C) Debtors
  • (D) Advance income
  • Correct Answer - Option(B)
  • Views: 19
  • Filed under category Accounting
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Explanation by: Admin

Since the sale is not confirmed, such goods remain in closing stock.

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