Accounting MCQs Accounting Mcqs
Q Which of the following equations is correct?
  • A A. Gross profit+ sales+ direct expenses+ purchases+ closing stock = opening stock
  • B B. Gross profit+ sales+ direct expenses+ purchases- closing stock = opening stock
  • C C. Gross profit + opening stock + direct expenses + purchases- closing stock = sales
  • D D. Gross profit – opening stock + direct expenses + purchases +closing stock = sales
Previous Arrangement of Balance Sheet in a logical order is know…
Next Find the value of opening stock from the following data…
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Iterate
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