Answer Posted / bhanwar singh kachawa
Bad debts means the money or assets that will not
recoverable in the future is called bad debts.
| Is This Answer Correct ? | 2 Yes | 1 No |
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How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
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