what are different inventory and stock.
The combination of raw material,work in progress, and finished goods is called Inventory.
Stock means the finished goods,which are ready for sale.
| Is This Answer Correct ? | 0 Yes | 0 No |
The Trial balance will show only the Opening Stock & Purchase for any given period, but for Profit and loss, we have to calucate the Opening + Purchase – Closing stock ?
how to adding entries in tally complete new company
Principles of accounting
4 Answers Bank Of America, Genpact,
what is penaultimate sale
what are the accounting standards prevailed now in India. Give a short description about each of them
6, state with reasons wheather the following items are capital expenditure or revenue expenditure i, A factory building was constructed at a cost rs 1500000 a sum of rs 64000 were incurred for the construction of huts for storing building materials ii, rs 5000 paid for removal of stock to a new site iii, expenses incurred in connection with obtaining a license to start the business were rs 15000
The following are the transactions with respect to goods traded by Gopal- i) Purchased goods worth Rs.50,000 on 1-1-2005 for cash ii) Sold goods costing Rs.20,000 for Rs.30,000 on cash iii) Bought goods Rs.45,000 from Suresh & Co on credit iv) Paid Rs.30,000 to Suresh who gave us a discount of Rs1,000 v) Sold goods Rs.23,000 but their cost is Rs.12,000 for cash vi) Sold goods to Gangadhar for Rs12,000 on credit,(cost Rs 9000) vii) Received cash from Gangadhar Rs.11,500 in full settlement. viii) Paid carriage charges on the goods purchased Rs.2,000. Find out the closing stock as on 31 -1-2005. Also, find how much is still due to Suresh?
What is accrued expenses .and what is differance between accrued Expenses & Accrued Income?
What is dividend warrants?
What is the Difference Between Simple Chq. and At Par Chq. ?
what is fund flow statement??
What is customer account?