WHY NOT SHOWING CLOSING STOCK IN TRAIL BALANCE

Answer Posted / prasob.c.k

physically we want to verify the stock and should apply
market price or cost price which ever is less.
This is the method for determining the closing stock.

Is This Answer Correct ?    1 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How can you do credit control?

686


Do you know marginal cost?

630


My company sent this party goods 62750 this goods is loss sundorbhan paribahan. how to create voucher

1753


whats difference between manufacturing account & cost account

1665


please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com

1473






Explain me fair value accounting?

605


Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-

1403


explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule

1800


what is tribal area allowance means

2714


What happens to the company's "cash account" if it borrows money from the bank by signing a note payable?

665


What are the 4 types of ppe?

710


record the following transaction in the various books of accounts F Black loan us $5000 paid by cheque.

3162


what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?

3843


List out some of the examples for liability accounts?

596


Explain the concept of responsibility accounting

638