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What are the things are not Included in Annual Reports?
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how do you calculates closing stock in Trading A/c
list out the accounting concepts and explain the accural concept
10 Answers Capital IQ, College School Exams Tests, SNE,
Expand-------RGD
what is the benifit of deprecation in the case of provision of depre.
EXPAND_________SER
Give some example of real,personal & nominal accounts , & which kind of a/c reflect p&l & BS.
20 Answers Banking, HSBC, IT Industry, Motilal Oswal, SLK,
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going concern concepts
what is provision?
Short Answer on ___________Fixed capital
who are a account
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
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