Stock of a Trading concern consists of
A. Raw material
B. Work in progress
C. Merchandise inventory
D. All of the above
Answer: Option C
Solution(By Examveda Team)
Stock of a Trading concern consists of Merchandise inventory. Merchandise inventory is the cost of goods on hand and available for sale at any given time. Merchandise inventory (also called Inventory) is a current asset with a normal debit balance meaning a debit will increase and a credit will decrease.This Question Belongs to Commerce >> Accounting
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