Interested to Buy Any Domain ? << Click Here >> for more details...
Can you tell me the closing stock entry?
- 21 Answers
- 47283 Views
- Alpha, Cyber Matrix, Satyam, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
ya there is no such entry for closing stock generally in
journal but adjustment entry is there for closing stock
CLOSING STOCK A/C....................DR
TO TRADING A/C..........CR
| Is This Answer Correct ? | 125 Yes | 7 No |
Answer / ganesh
closing stock a/c dr *****
to trading a/c cr ******
| Is This Answer Correct ? | 59 Yes | 4 No |
Answer / raghu
BY CLOSING STOCK A/C DEBIT AMOUNT
TO TRADING A/C CREDIT AMOUNT
| Is This Answer Correct ? | 36 Yes | 2 No |
Answer / prarup shrestha
Closing Stock (Assets, Balance Sheet) A/C Dr. -----
Trading or P/L A/C Cr. (Expenses, Trading or P/L A/C -----
The Dr. entry of the closing stock will remain as assets in
inventory and will be carried forward to next year where as
Cr. entry will be deducted [opening stock+purchase-closing
stock (trading)] as like expenses in Trading or P/L A/c and
not will be carried forward to the next year.
| Is This Answer Correct ? | 11 Yes | 2 No |
Answer / sk srinivas
Dr Closing Stock a/c
Cr Trading a/c
Yes this is correct, thanks to Mr Pavan reming friends
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / venkataramireddy
Closing Stock A/c Dr. ******
TO Trading A/C *****
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / p.srinivasa reddy
1. Before prepare of Trail balance,the closing stock
journal entry will be
closing stock A/c Dr
To Purchases A/c
2.After prepare of Trail balance,the closing stock journal
entry will be
Closing stock A/c Dr
To Trading A/c
| Is This Answer Correct ? | 6 Yes | 4 No |
why do think you are best candicate for this post.
how to calculate BEP in this problem? Sales Rs.3,00,000 Fixed Exp. Rs. 75,000 Direct Material.Rs.1,00,000 Direct Labour Rs.60,000 Direct exp. RSs.40,000
In direct and indirect expenses we know direct means expenses incured durning prodution process, indirect means expenses incureed after prodution process, apart from manufacturing concern , what do mean by direct & indirect expenses.
what is stock market?
bad debts means
1. Cold Ice, Inc. sells ice cream sells for $2 each. The variable costs per ice cream are $1 and the fixed overheard costs are $ 0.35. A summer camp wants to place a one-time order for 100 cone of ice cream at a price of $ 1.25 each. What is the minimum price hot dogs should be charge for this special order?
what is npa & what are the different types of NPA?
3 Answers State Bank Of India SBI,
how important of purchase and sales invoices?
Expand SCERT
what is a bill of exchange?
how to prepair the acccounting MIS report?
EXPAND_________WAIS
Audit 
