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 ?
however when u manually make a P & L from Trail balance, the closing stock will be simple, Add all the Revenue less the expenses & Deprication, and there will be a figure in Trial balance for Retained earning this difference should match with your closing stock Physical inventory valuatation (is this statement correct?)
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if salary paid per month rs. 46500/- i will deduct tds from his salary please what i will do explain
What is the important of computerized accounting to manual?
Wo kya cheez hai jo sal me 1bar mahine me 2 bar aur hafte me 4 bar aur din me 6 bar ata hai?
1. purchase of tally software is treated as assent or indirect expenses , then underwhich group it comes on tally 2. outstanding expenses is under what group in tally
What is a contra entry
What is mean by working capital?
BANK
I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?
What is reversing journal entries?
define accounting?
What is Current Assets minus current Liabilities?
22 Answers Capital IQ, Core Logic, FIC,
what is the purpose of preparing profit and loss appropriation account in the partnership firm?