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  • Commerce Mixed Test
  • Where is the closing balance shown in a trading a/c?
Multiple choice

Where is the closing balance shown in a trading a/c?

  1. Debit side

  2. Assets side

  3. Credit side

  4. Both (1) and (2)

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

 Assets belong to a fixed deposit like alcohol, cigrerattes.

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