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Subject - Accounting:

General Concepts

MCQ - 12-14

Question:

To find the value of closing stock at the end of a period we

  1. do this by stocktaking
  2. deduct cost of goods sold from sales
  3. deduct opening stock from cost of goods sold
  4. deduct cost of goods sold from sales

Correct Answer: A

Explanation:

Not available

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Record Performance

355 MCQ for effective preparation of the test of General Concepts of Accounting section.

Read the MCQ statement: To find the value of closing stock at the end of a period we, keenly and apply the method you have learn through the video lessons for General Concepts to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 12-14.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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