Teaching Accountancy Final Accounts Question Bank MCQ - Final Accounts

  • question_answer
    Which of the following equation is correct?

    A)  Closing Stock + Purchases - Opening Stock - Cost of Goods Sold = Zero

    B)  Opening Stock - Closing Stock - Purchases + Cost of Goods Sold = Zero

    C)  Purchases + Opening Stock - Closing Stock - Cost of Goods Sold = Zero

    D)  Cost of Goods Sold - Closing Stock - Purchases - Opening Stock = Zero

    Correct Answer: C


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