> ? fi a https://a o a from [date] to [date o b. fox the (period] ended [date).

Question

> ? fi a https://a o a from [date] to [date o b. fox the (period] ended [date). o c at any time in the accounting period o d always on December 31 QUESTION 12 True Faise QUESTION 13 is the QUESTION 14 If a business uses special journals, it does NOT seed to have a general joumal True o Fase QUESTION 15 True False QUESTION 16 Adpustmeats are made on the work sheet for both begiusing and eading Merchandise Inveutory True False QUESTION 17 Under the cost of goods sold and the amoust of aveutory ou hand ace updated when e is bought and sold

Explanation / Answer

ans 12) false

because FIFO method is used for the purpose of valuation of inventory this mathod takes sold quantity during the year also.

ans 13) true

because consistency principal says that same accounting method is used from period to period for comprability of statemens.

ans 14) false

because any business having special journal or not it depends upon nature of business but incase of general journal it is noramal basic book we have to maintan.

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