What is the Journal Entry of Closing Stock (Raw Material) of
a manufacturing Company

Answer Posted / poonam

Trading A/c Dr
To Closing Stock A/c

Because of Closing stock is cr. side of trading a/c, so i think above my answer

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell me what do you believe makes a successful account executive?

589


what is the meaning of banking

1666


My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523

1674


we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?

2733


What is batch input? why we use batch input session in SAP(FICO)?

4868






why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason

1107


Do you know what is a cpa?

592


"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.

2135


What is the use of 2a, 2b & 2c form in CST ?

2070


Explain what is bad debt expense?

3502


I want to know accounting information in oracle apps projects costing module. i.e Which account is cr and which account db. Please help me.

1666


we have registered to MCCIA(Maratta Chember of Commerce Ind & Agri.).They given a Tax Invoice against this registration with charging service tax@10.3%.can we take credit of this service charge ?

1661


what are the voucher entries for depreciation in tally and when?

2057


what are cost accounting and its applications?

651


I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?

1290