why the closing stock arises in the trading account of final
accounts

Answer Posted / sajjad1

at the end of the financial Year the stock which is actuall
in hand is revnue for the business so it appear in the cr
side of trading account.

Is This Answer Correct ?    3 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

why creditors a/c dr. to discount received a/c ?

1000


What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings

3803


Explain me by saying, perpetual or periodic inventory system; what do we mean?

637


CAN C FORM AND F FORM BE ISSUED FOR SAME JOB WORK CONTRACT CONSIGNMENT

1616


what is the due date of 28th feb

1861






what are the main important accounting entries for AP and AR ...

1000


What is balance sheet and off balance sheet?

618


iam working with tally ERP.9,but iam dont prepared reconciliation,trial balance,profit&loss,balance sheet etc.bcoz all these activicties done in head office.plz give me citeria where iam prepared.

2592


The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above

10506


What is the difference of cost accounting and financial accounting?

626


give me examples of the accounting reports you have prepared

728


What are mis reports?

664


we had company we provide work others they deducted tds how to pass entries in my company please tell me

2778


Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.

995


What is cost accountancy? What are the objects of cost accountancy?

602