Question : When, Value of output= Sales?
Option 1: When the entire output is sold in an accounting year.
Option 2: When the entire output is sold in the previous year.
Option 3: When the entire output is sold in the next year
Option 4: When the entire output is unsold.
Answer (1)
24th Jan, 2024
Correct Answer: When the entire output is sold in an accounting year.
Solution :
When the entire output is sold in an accounting year, then
Value of output = Sales.
Hence, Option A is correct.
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