1)Why closing stock or stock always a positive balance is any reason for?

2)if i am working in IT company what is my Accrual?



1)Why closing stock or stock always a positive balance is any reason for? 2)if i am working in IT..

Answer / rajahalder

1. closing stock is currentassets tangible type. So it has physical existence, so it can be finished but can't be negative. 

2. Sorry I can't get you.

Is This Answer Correct ?    2 Yes 1 No

Post New Answer

More Accounting General Interview Questions

what are the steps for the payment cycle of the firm or company?

0 Answers   Mittal Steel,


i want to know about Bonus and Gratuity, i am working as a accountant from July'10 some private organization is it applicable for me

2 Answers  


What is vendor?

0 Answers  


WHAT IS DEPRICIATION?

8 Answers   Genpact,


how to calculate the per unit cost of production

0 Answers   Samad Industries,






Is all receives are income or all income are receives.and which is the receive that is not income.

2 Answers  


difference between outstanding and accrued exp.?

2 Answers   Genpect,


sir, some body tell me how i treat the abnormal fire loss stock :-our company suffer a fire loss during goods in transit (goods were hold at warehouse and fire occured) now how i account for the loss and what type of ledger should i create and under which group

1 Answers  


Profit or loss on revaluation is shared among the partners in _______ ratio. (a) Old Profit Sharing. (b) New Profit Sharing. (c) Capital. (d) Equal.

3 Answers  


Need to know the treatement of Pre-Operative Expenses and preliminary expenses. How would you differentiate these two?

1 Answers  


what is tribal area allowance means

0 Answers   Chartered Accountant,


Explain what does financial statement of the company includes?

0 Answers  


Categories