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Question 5 Not yet answered Marked out of 2 P Flag question Mr. Mohammed started business with Inventory RO. 12000 as capital. The posting in
Question 5 Not yet answered Marked out of 2 P Flag question Mr. Mohammed started business with Inventory RO. 12000 as capital. The posting in the ledger will be Select one: O a. Debit side Capital A/C Credit side Inventory A/C O b. Debit side Inventory A/C Credit side Capital A/C O c. Debit side Cash A/C Credit side Drawings A/C O d. Debit side Drawings A/C Credit side Cash A/C Question 6 Not yet answered Marked out of 1 P Flag question Assuming NO purchase returns or frieght inwards, the cost of goods sold will be equal to: Select one: O a. Sales less gross profit O b. Purchases plus closing stock less opening stock O c. Opening stock plus purchases plus closing stock O d. Closing stock less purchases plus opening stock
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