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

Write one word/term or phrase which can substitute each of the following statements :

(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

5 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

(i) Closing Stock

(ii) Provision for Bad & Doubtful Debts

(iii) Final Accounts

(iv) Selling Expenses

(v) Adjustments

5 views Answered 2023-02-05 15:29

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