If an organization maintains a periodic stock system, the...
If an organization maintains a periodic stock system, the stock quantities are?
Updated at the end of the accounting year
Not considered in the updating process
Updated continuously
Updated at the beginning of the accounting year
Correct answer is A
In accounting, a financial period is calculated on a yearly basis. Accounts are prepared at the end of the year.
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Given: Capital:..G...........N5000 ..........T...........N8000 Drawings: G...........N2000 ......
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A set of instrument or programs which controls the operation of a computer is ...