Why we show always closing stock in credit?
- 8 Answers
- 29175 Views
- FactSet Systems, I also Faced
- E-Mail Answers
Answer Posted / ajit
Becuse the one effect of the entry goes to trading account
credit side and other effect goes to balance sheet asset
side.so the basic principal of accountancy is that if one
effect is debit then other effect has to be a credit.
| Is This Answer Correct ? | 8 Yes | 32 No |
Post New Answer View All Answers
Tell us do you have any professional experience of this field?
What are the difference between Debit Memorandum and Credit Memorandum?
What is Prepaid Entry
Tell me what does the investment of personal assets by the owner will do?
WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL EXPENDITURE?
were you happy with the grades you achieved at a-level?
Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP
April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.
Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?
Regarding vat return,I have 3 units can i return at a time for 3 units vat return only one vat form. Kindly suggetion the same how to do.
we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?
How to make deductions of the employees from salary against the loan in AP module oracle R12
what is the difference between cash book(cash coloumn) and cash book(bank coloumn)?
Knowing what you know now, walk me through what you would do differently to drive even more success?
WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?
