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if average inventories is 12000. closing stock is 3000 more than opening stock. then what's is the closing stock?
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Answer / nandana
Let opening inventory x.
Closing inventory is 3000+x
Average inventory=x+3000+x/2=12000
2x=21000
X=10500
So closing inventory=3000+10500=13500
| Is This Answer Correct ? | 50 Yes | 2 No |
Answer / anurag jain
opening stock is 10500
closing stock is 13500
| Is This Answer Correct ? | 16 Yes | 3 No |
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DEAR ALL, HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know whether it is correct or not. If correct, in my individual ledger no entry is reflected. Alternatively, if I debit my self and credit petty cash a/c it is reflected in the P & L Account, but it is not an expense. and not reflected in the balance sheet, but reflected in P & L. I think I need to put a journal entry. Like debiting the salary account and crediting the salary advance account. Is this correct or not? Can any one help me please. my mail add: cdvijay100@yahoo.co.in or kmlnkml@live.com
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