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What is the concept of stock reserve in department account |
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Answer» So stocks in dept. ... The opening stock appears on the debit side of trading account and to reduce it to its cost the stock reserve is transferred to the credit side. The closing stock assumed to be out of the GOODS of this year and the profit element at the rate of G.P. of current year. HOPE its HELP. please mark it as brainliest answer. |
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