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#1. The inventory of goods that remain unused/unsold at the end of the year is called as
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#2. Closing stock refers to the goods brought in by the owner when the business is started
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#3. When a business purchases furniture for sale, it will considered as "purchases of goods"
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#4. The discount given on cash transactions is called as
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#5. Book Keeping is
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#6. In a business, ________ is purchased and sold
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#7. The investment by the proprietor in the business, in the form of goods/cash or any other assets is known as
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#8. The surplus of assets over the liabilities is called as
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#9. Salary is
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#10. The vendor/seller gives a trade discount only on credit transactions
The vendor/seller gives the trade discount both on cash/credit based transactions.
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