Question

If on the date of closing there is a balance of unsold goods, that amount is shown on the credit side of the Goods Account as

• A. To Balance
• B. By Carried Down
• C. By Balance
• D. To Carried Forward

Answer 1

Answer:

C. By Balance

Unsold goods at the end of the accounting period represent closing stock. In the Goods Account, this is shown on the credit side as “By Balance”, indicating the remaining goods not sold during the period.