Examveda
Examveda

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.

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