Interested to Buy Any Domain ? << Click Here >> for more details...
While finalizing the current year’s profit, the company
realized that there was an error in
the valuation of closing stock of the previous year. In the
previous year, closing stock
was valued more by Rs.50,000. As a result
(a) Previous year’s profit is overstated and current year’s
profit is also overstated
(b) Previous year’s profit is understated and current year’s
profit is overstated
(c) Previous year’s profit is understated and current year’s
profit is also understated
(d) Previous year’s profit is overstated and current year’s
profit is understated
- 0 Answers
- 2294 Views
- I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
why companies put ltd and pvt ltd,what is the difference?
Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es
Tell me in accounting, vat abbreviates what?
what is monthly final accounts and analysis
Explain me what is important to effective market analysis?
how to show provident fun in balance sheet
4 Answers Genpact, WBCS West Bengal Civil Service,
HOW PASS A TDS DUE ENTRY
what is difference among credit, loan, advance
What are the rules of Account?
if a company purchased measurement tape for office use .. it comes under which expense head
what is entry of depreciation in journal
What is Accounts Recivable & Payble???
Audit 
