Opening stock is shown inChoose one optionTrading A/cProfit and Loss A/cBalance SheetProfit and Loss Adjustment A/c
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Solution 1
The opening stock is shown in the Trading Account. This is because the opening stock is the inventory that a business has at the start of its accounting period. It is the first entry in the Trading Account, which is used to calculate the gross profit or loss of a business. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT
a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee
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