What is the type of principal for CLOSING STOCK. and why we show closing stock two time that is once in trading account and another time in assets. if closing stock is Real account than what about showing in trading account as we dont show real account type in trading account. thanks

6 Answers   DuPont,

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WHAT IS CASH DISCOUNT & TRADE DISCOUNT?

3 Answers  

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What's the VAT percentage?

8 Answers   Sony,

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what are the nationalised banks?

2 Answers  

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A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs 10000. He pays expenses amounting to Rs 1000. V incurs further expenses on carriage Rs 1000. He receives cash for sales Rs 15000. He also takes over goods to the value of Rs 2000. The profit on joint venture is 7 (a) Rs.3000 (b) Rs.5000 (c) Rs.6000 (d) Rs.3500

0 Answers  

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what is financial MIS report and what is included in it. Please help me out to know the concept

3 Answers  

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How we can transfer stock from our punjab firm to our chandigarh firm

2 Answers   Infosys,

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What is Mixed Invoice

0 Answers   Accenture,

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What is inventory

4 Answers  

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what is a gross profit ratio?

2 Answers  

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if a company has opened its new branch in delhi ,so while preparing Balance sheet for that company we will be preparing depreciation chart. So i want to know whether depreciation chart should be prepared as per IT Act or Companies Act?

2 Answers  

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What is short term solvency ratio?

0 Answers  

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