Stock which remained unsold at the end of __________ accounting year is called opening stock.

Another name of cartage is _______.

Balance sheet present the financial position of a concern based on the principle of __________.

Accrued incomes comes as __________.

If Sales Tax collected or 'Sales Tax' is mentioned on the credit side of trial balance, it will be shown on the ______ side of Balance sheet.

The word ________ mean showing the account of similar nature under a particular reading.

Spot out the odd one and state reason

Spot out the odd one and state reason.

Inventories have to be valued and recorded in Trading account enables to find out the __________ of stock by comparing average stock with cost of goods sold.

Liability for bills discounted is an example of ______ liability