Multiple choice

Directions: Choose the correct option for the given question:

______ account does not record the balance of Stores Ledger Control Account.

  1. Profit and loss

  2. Costing profit and loss

  3. Income and expenditure

  4. All of the above

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Stores Ledger Control Account tracks inventory values. The Profit and Loss account is a financial statement account and does not record the balance of the stores ledger directly.

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