46. Sales – Gross Profit = ________
Cost of goods sold
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47. Which of the following is a Real A/c?
48. Valuation of stock in accounting follows the principle of cost price or ____ whichever is
Net realizable value
None of these.
49. Which of the following is not a nominal Account?
Outstanding salaries Account
50. Mr. X is a dealer in electronic goods (refrigerator, washing machine, air conditioners, televisions, etc.) He purchased two air conditioners and installed in his showroom. In the books of X, the cost two air conditioners will be debited to
UGC NET PAPER 1
UGC NET Management
UGC NET COMPUTER SCIENCE
UGC NET COMMERCE
GATE COMPUTER SCIENCE
CFA Level 1
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