Final Accounts ...

Economic order quantity is that quantity at which cost of holding and carrying inventory is ________________.

Goods sold on the basis of 'sales or return' should ______________.

Which of the following is not included in cost of inventory?

A gross profit is transferred to the ____________ side of the profit and loss account.

From the following find out the correct equation:
I. A represents opening stock
II. B represents purchases
III. C represents closing stock
IV. D represents cost of goods sold.

Trading account is prepared to find out __________.

Carriage outward is charged to _______________.

Assets in the beginning of the year Rs. 10,000. Assets at the end of the year Rs. 18,000. Drawing during the year Rs. 2,000. Therefore the profit is equal to ___________.

All direct & indirect expenses related to business are charged to the ____________.

Profit and loss account of business shows the _________.