Explain the effect of closing stock on gross profit and net profit.
comment on the financial health of their business.
Answers were Sorted based on User's Feedback
Answer / rao
with out closing stock how we start business, becoz it's
assest and it shoul be in cr side of trading a/c,and if we
wouldnot take in trading a/c then gross profit is not
correct, and when we take g.p in cr side of p/l a/c the net
profit also not correct and net profit would differ in
balancesheet. So inthis way it effects in g.p and n.p.
Is This Answer Correct ? | 8 Yes | 4 No |
Total numbers of companies listed on stock Exchange?
Expand R R
How Many Type's of Cheques? with explanation and Examples?
What is the treatment for PRELIMINARY EXPENSES?
27 Answers Capital IQ, Franklin Templeton,
The Analysis of flow of funds through an organization can be very useful to the managment. Elucidate
what is the script forms standard text in fico
what is circuit filter?
Difference between Depreciation and amortisation?
expand P D F
Entry for the settlement of loans?
Whats the difference between accounting concepts and conventions?
wat is penny stock?