Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


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 ?



The Trial balance will show only the Opening Stock & Purchase for any given period, but for Prof..

Answer / saheersaffar

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?)

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

reconcilation

15 Answers   Accenture, Genpact,


whats the manufacturing account

2 Answers   IOCL,


How familiar are you with crm?

0 Answers  


how to pass entry in tally Rs 50000 cheque paid to son by father

0 Answers  


What do u mean by accounting?

6 Answers  


what wll i do to remove my fairs facing for interviewee?

1 Answers  


a purchase of Rs.750 from raghubir has been debited to his account.purchase account has been correctly debited.

2 Answers  


What are the differences among band,debenture and share ?

3 Answers  


Should we take the taxes in to P& L A/c.

6 Answers  


what is Depreciation

5 Answers  


We have purchased some good from our vendor and we asked them to transport the same to some address but they have raised a debit note to us for transportation instead of invoice. Same like we have given some order to manufacture for developing that product they have charged some amount for that also they have raised the debit note. How to account these type of debit notes in tally..?

0 Answers  


What is meaning of cenvat credit please described in detail.

16 Answers   Ferrari, Steelco Gujarat Ltd, Whirlpool,


Categories