Commerce and Accounting · JCE / Final accounts

StructuredPast exam questionForm 3 · JCE

State why in an income statement the closing inventory is deducted from the cost of goods available for sale.

  1. aReason [1]

You'll mark your own answer against the marking guide when you hand it in.

Source: BEC JCE Commerce and Accounting 2022, Paper 1, Question 17
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