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    The charges of placing commodities into a saleable condition should be charged to: I Trading account II P & L A/C III. Balance Sheet
    Question

    The charges of placing commodities into a saleable condition should be charged to:
    I Trading account
    II P & L A/C
    III. Balance Sheet

    A.

    Only I

    B.

    Only II

    C.

    Only III

    D.

    I, II and III

    Correct option is A


    The expenses incurred to make commodities saleable are recorded in the Trading Account as they are directly related to the cost of goods sold.

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