1.Closing Inventory consists of 1,100 units. What
would be the cost of Closing Inventory under FIFO and LIFO
methods?
Opening Inventory 1000 units @ $
10 $ 10,000
Purchase (1) 800 units @ $
11 $ 8,800
Purchase (2) 500 units @ $
14 $ 7,000
Purchase (3) 400 units @ $
12 $ 4,800
Purchase (4) 300 units @ $
13 $ 3,900
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Totals 3000 units
$ 34,500
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What is the Entry of A Demand Draft is prepared for rs.4500 from UTI bank after bank charges?
How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.
Is purchase itself a direct expense?
What are trade bills?
Can pls tell me difference between simple cash book & accrued cash book?
how to prepare balance sheet , p and l account ,
Cash Processing
0 Answers Chartered Accountant,
short debit to an account increases which side of the trial balance?
If we give a discount to any customer on our invoice & issue a credit note of discount than what will be the group of discount in tally. please suggest me.
What is a Special Calendar and its types
What are depreciation and amortization?
PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)