if average inventories is 12000. closing stock is 3000 more than opening stock. then what's is the closing stock?
Answers were Sorted based on User's Feedback
Answer / nandana
Let opening inventory x.
Closing inventory is 3000+x
So closing inventory=3000+10500=13500
|Is This Answer Correct ?||7 Yes||0 No|
Answer / anurag jain
opening stock is 10500
closing stock is 13500
|Is This Answer Correct ?||7 Yes||1 No|
What do u mean by CTC.
---------is the main or principle book of accounts
Calculate Income Ta X On Nett Income Of Rs 365520 For Men,women And Senior Citizen For The Assessment Years 2009- 10 And 2010-11?
Expand C B D
Why 2:1 is considered as ideal current ratio?
what is accounting
what is Dual Accounting
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
why was started accounting year as on April 1st
Expand D D O