3 In financial statements, the number of units shown to be sold is ___________ than the number of the units produced. Select one: a. the same. b. lower. c. higher. d. either higher or lower.

    ANSWER

    \Rightarrow

    CORRECT OPTION : Option (d) : either Higher or Lower

    \Rightarrow

    EXPLANATION :

    • In financial statements, the sum of Units shown to be sold can be HIGHER than the sum of units performed in fact the ordinary year performed supply is sold concurrently with the Opening Supply carried forward from prior year’s supply

    OR

    • the sum of Units shown to be sold can be LOWER than the sum of units performed in fact the sales are very penniless and the society has failed to sell smooth ordinaryly performed supply.