Sometimes opening and closing stock are _________ through purchase account.

Appreciated

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Depreciatrion

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Adjusted

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None of these.

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Solution

The correct option is C Adjusted
Adjusted purchases means opening stock plus purchases less closing stock.
When one effect is included in trial balance by way of inclusion in adjusted purchases the other should also form part of trial balance.

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Differences between closing stock and opening stock during an accounting year are known as:

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