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Contingent liability is shown owing to :

October 6, 2021October 6, 2021 Dr. Toran Lal Verma
  1. Convention of conservatism
  2. Convention of materiality
  3. Convention of full disclosure
  4. Dual aspects concept
3. Convention of full disclosure

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Which is the accounting concept that requires the practice of crediting closing stock to the Trading Account?
Opening stock of stationery is Rs. 200, Purchase during the year is Rs. 2,000 and amount of stock in hand at the end of the year is Rs. 400. Then amount of stationery transfer to Profit and Loss A/c will be :

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bn বাংলাen Englishfr Françaisde Deutschgu ગુજરાતીhi हिन्दीkn ಕನ್ನಡml മലയാളംmr मराठीpt Portuguêspa ਪੰਜਾਬੀru Русскийsd سنڌيes Españolta தமிழ்te తెలుగుur اردو