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On which part we should give more attention while preparing
balence-sheet.
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Answer Posted / sunil
while preparing the balence sheet first we should divide
the libalites and assets and premiums out standings share
capitel
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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?
