Download App

P2 C5 Financial Statements of Business Organisations — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C5 Financial Statements of Business Organisations1 Mark
Question
What is an adjusted purchase?
✓

Answer

Adjusted purchase = opening stock + purchase - purchase return - Closing stock.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer In One Or Two Sentence .(1 Marks)" from P2 C5 Financial Statements of Business Organisations→P2 C5 Financial Statements of Business Organisations — all question types→Account STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

What is similar to the format of cashbook?
→
What are adjustment entries?
→
Why errors of principle do not affect the trial balance?
→
Imports of goods and services are treated as which supply?
→
Which transactions are recorded in purchase book?
→
What is the main objective of setting accounting standards?
→
What do you know about the total of both the sides of a trial balance ?
→
Why goods account is not maintained in the business?
→
What is double entry system of accounting?
→
Stamp duty and document expenses paid for the purchase of building should be debited to which account?
→