How do u calculate closing stock in training account?
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Answer / cheriyan chirapurath george
opening stock + purchase - sales = closing stock
Is This Answer Correct ? | 21 Yes | 0 No |
Answer / varma
Opening Stock+purchases-purchase Returns-sales+Sales
Returns = Closing Stock.
Is This Answer Correct ? | 6 Yes | 0 No |
Answer / bandaru ramesh
Opening stock + Purchase - closing stock = closing stock
Is This Answer Correct ? | 0 Yes | 4 No |
Here is a question i was asked below is the scenario need to enter journal entrries for both accounting system Cash and Accrual :- 1) Landlord A/c 2) Tenant A/c 3) Bills Receivable A/c 4) Cash A/c 5) Bank A/c Situation:- 1) Bill is created. 2) Bill is sen to the tenant, journal entry =? 3) Cash is received from the tenant, journal entry=? 5) If cheque is received from the tenant, journal entry=? 6) Receipt is created. 5) Receipt is sent to the tenat, journal entry=? Its urgent, please help.
What is GL Master Maintanance
Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-
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