I know that rate of stock turnover = cost of goods sold/ average of stock. average of stock = (opening stock + closing stock)/ 2 what happens if it is a new business with no opening stock? do u take closing stock/2 or simply just take closing stock as the average stock figure?
1 2239Please do let me know how to pass the entry for the rent invoice recd. from business centre (for eg. total amt. is 39941/-)includes rent is 35000/-, telephone chgs: 82.80/- ,Stationary 15/-, Pantry chgs. 450/- and service chg 4393.71/- .
3 33511- when will be vat charge, C.s.t charge and excise charge on the goods ? 2- what is different between intra sales & purchase and inter sales & purchase?
3 4936why the loss by fire taking in to the credit side of the trading a/c.instead of this is company's loss?
3 8688What do u mean by Deferred Revenue Expenses? Explain with examples?
Cap Gemini, Genpact, HSBC, Shivam, Wipro,
8 26338Post New Accounting AllOther Questions
Short Answer on __________Event
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
how to entry in tally for other person check received
Expand---------SDRT?
what is payment method?How many payment method we can assign to company code.
i have need full detail of tds rules and forms submitted dovetails
What is Goods Lost by Fire/Accident/Theft ?
If someone knows about the test pattern of Junior executive accounts than please share.
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
Give me the asset revaluation (at the time of asset value increase & decrease) journal entrys?
Short Answer on ___________Appreciation
How is the expenditure of developing a modified product treated?
bill to addres? ship to addres? rimit to address?
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet
helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.
