Calculation of closing Stock give example?
- 25 Answers
- 223355 Views
- ABC, Accounting, Crossdomain, EDS, FAIM, Set Trade, I also Faced
- E-Mail Answers
Answer Posted / prasad
For Trading Com.:
Closing Stock=Opening Stock+Net Purchases+Direct
Expences+Gross profit(" "%on Net Sales)-Net Sales-Direct
Incomes.
Calculating Gross profit :
for Example Tyres trading co.we can take average 5% on net
sales.
| Is This Answer Correct ? | 166 Yes | 53 No |
Post New Answer View All Answers
simply define shares and debentures
wht is different between defered tax liablities and defered tax assets??????
What is diffrence Between GPF and EPF?.. can anybody explain..?
WHAT IS THE LAST DATE OF HOUSE TAX SUBMITED , AND WHAT IS THE RATE OF HOUSE TAX ?WE PAID HOUSE TAX MCD OR ANY OTHER. PLEASE TELL ME.
How to treat company managers personal expenses met by company if he is not taking salary from company and in future salary will be payable after deducting all personal expenses (salary amt will be decided only at paying year). pass journal entries
pls let me know double entry of 'LEASING"
How can I put Bank Guarantee Receipt entry in Tally ERP9?
Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj
How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)
Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es
bank releted question interviw plz tel me
Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
what is the performa of bank reconcilation ? i want to need it and also i want to know about tds entry for various sources such as rent,contractor, commission, etc. and how we make the tds return, please tell me its very urgent?
What is control in accounting?
