what effect closing balance and there effected ?

Answer Posted / varun

closing stock effect on the revenue profit and loss

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the difference between Accruals and Provisions?

1160


What is reversing journal entries?

617


What do you mean by material facts in accounting?

627


List out some of the examples for liability accounts?

598


GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry

1787






simply define shares and debentures

1088


A company primarily operating from own land, takes on rent building for staff quarters. Whether rent paid on such staff quarters qualifies as capital investment?

1452


Tell me the stages of double entry system?

617


in what circumstances it is mandatory to calculate the goodwill.

1296


What is fair value accounting?

634


I wana give interview as a accountant what the question will asked by interviewer ??? Please suggest me so I can clear inteview. abhinandan

1568


dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?

1032


Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?

3427


how to assign the cost center to GL Account in SAP (FICO)

2309


how calculate intrest on advance tax ? and penalty on vat?

1551