Which one of the following is INCORRECT about closing stock? Options: A . &nbspIt is added into current assets B . &nbspIt is deducted from Material available for use C . &nbspIt becomes opening stock of next year D . &nbspIt reduces the resources of business

Which one of the following is INCORRECT about closing stock?

Question

Which one of the following is INCORRECT about closing stock?

Options:

A . It is added into current assets

B . It is deducted from Material available for use

C . It becomes opening stock of next year

D . It reduces the resources of business

Answer: Option D

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