What is journal entry of opening stock?
Answers were Sorted based on User's Feedback
Answer / praveen kunmar
Dr: To opening stock
To purchase
- purchase retun
To cariage inword
To profit or loss account
Cr: to sales
-sales eetun
Is This Answer Correct ? | 2 Yes | 7 No |
Answer / kishore kumar d
Transfer opening stock to trading account (traders) or Manufacturing account (manufacturers), since opening stock is not a running account.
Following entry is to be passed:
Trading A/c Dr XXX (Or)
Manufacturing A/c Dr XXX
To Opening Stock A/c XXX
Is This Answer Correct ? | 2 Yes | 8 No |
what is the cost and financial accounting? what is double entry system ?
HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?
Expand S E
i work in business and developer office i have some accounts book saving account how to and where i prepare the brs please help where i can start brs process
Expand C & F Agent
What are the accounting principles or concepts.Expalin briefly.
6 Answers Capital IQ, Genpact, Hyundai,
What is the method to set the Credit limit for Customers in Business?
What is depreciation and how many methods are using explain With examples
Expand ________DMHO
what is the procedure to get the duplicate Cform in case the original is lost in transit.
how we can amortize the preliminary expenses calculation
what is meant by banking securities? how they works?please explain thoroughly.