If the closing stock is zero- it means -Profit has been earnedLoss has been incurredThere may be loss or profitNone of these

Question

Toppr Admin · Accepted Answer

If the closing stock is zero then it means there may be a loss or a profit- Closing stock is the value of stock that is not sold at the end of the year and hence is deducted from the cost of goods sold- There may be profit or loss depending upon the sales value-xA0-

If the closing stock is zero, it means ______________.
Profit has been earned
Loss has been incurred
There may be loss or profit
None of these

If the closing stock is zero then it means there may be a loss or a profit. Closing stock is the value of stock that is not sold at the end of the year and hence is deducted from the cost of goods sold. There may be profit or loss depending upon the sales value.

If the closing stock is zero, it means ______________.Profit has been earnedLoss has been incurredThere may be loss or profitNone of these

If the closing stock is zero then it means there may be a loss or a profit. Closing stock is the value of stock that is not sold at the end of the year and hence is deducted from the cost of goods sold. There may be profit or loss depending upon the sales value.

If the closing stock is zero, it means ______________.
Profit has been earned
Loss has been incurred
There may be loss or profit
None of these