Which of the following statements is correct?
| A. |
Cost of goods sold is calculated at the time of sale
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| B. |
Adjustment entries are required because of accrual basis used for accounting
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| C. |
Trial balance is a conclusive proof of accuracy of accounts
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| D. |
Debit balance means that debit side total is less than credit side total.
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Answer : B Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
