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  • Theoretical Framework of Accounting (CA - CPT)
  • Closing inventory is shown in balance sheet under which o...
Multiple choice

Closing inventory is shown in balance sheet under which of the following?

  1. Fixed assets

  2. Current liabilities

  3. Current assets

  4. Miscellaneous expenses

  5. None of the above

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Inventory will be shown under current assets.

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