Q67 At the end of the accounting year, the journal entry to eliminate the unrealized profit in creation of inventory reserve is :

Q67 At the end of the accounting year, the journal entry to eliminate the unrealized profit in creation of inventory reserve is :
 Dr. Profit or loss account and Cr. Inventory Reserve
 Dr. Inventory Reserve and Cr. Profit or loss a/c
 Dr.Inventory Reserve and Cr. Unrealized Profit a/c
 Dr. Inventory account and Cr. Profit or loss account

 

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