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Which of the following is best described as: Inventory remaining unsold at the end of an accounting period

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Question ID #27526 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 9 Medium

Correct Answer: D. Closing stock
The correct answer is Closing stock. Inventory remaining unsold at the end of an accounting period

Question: Which of the following is best described as: Inventory remaining unsold at the end of an accounting period

A. Income statement

B. Straight-line method

C. Current asset

D. Closing stock

Correct Answer: D. Closing stockThe correct answer is Closing stock. Inventory remaining unsold at the end of an accounting period

Which of the following is best described as: Inventory remaining unsold at the end of an accounting period - MCQ Explanation

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Correct answer: D. Closing stock