i. Value of goods remaining unsold at the end of the year. ii. The provision was made to compensate the loss on account of likely debts.

Question

Give a word, term, or phrase which can substitute each of the following statement:

i. Value of goods remaining unsold at the end of the year.

ii. The provision was made to compensate the loss on account of likely debts.

iii. The accounts are prepared at the end of the accounting year to know the profit or loss and financial position of the business.

iv. An amount spent on promoting the sale of goods.

v. Additional information is provided below the Trial Balance.

Monjur Alahi

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2025-01-04 04:42

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Goods lost by theft are debited to the goods account.

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(i) Value of goods remaining unsold at the end of the year.

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

i. Closing Stock

ii. Provision for Bad and Doubtful Debts

iii. Final Accounts

iv. Selling Expenses

v. Adjustments

5 views Answered 2023-02-05 15:29