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At the end of financial year, …

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At the end of financial year, there was a stock of stationary for Rs.-250 in the books of Pawan. The Accountant has written it off by transferring to Profit and loss account, but Pawan was of the view that it should be considered as an asset in Balance sheet. Give your opinion citing the appropriate accounting concept

Posted by Ankit Pandey 6 years, 6 months ago

CBSE > Class 11 > Accountancy

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