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Question Practice

How does closing stock affect net profit?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - II
Question Bank

How does closing stock affect ...

Single Answer MCQ
Q-00053563

How does closing stock affect net profit?

1

It decreases the net profit

2

It has no effect on net profit

3

It increases the net profit

4

It only affects the gross profit

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