Answer Posted / jagannath c v
In Stock valuation, Raw Material are valued at
FIFO,WEIGHTED AVG depending up on valuation adopted by each
company. WIP ARE VALUED RAWMATERIAL PLUS
CONVERSION COST AND FINISHED GOODS ARE VALUED AT COST OR
NET REALIZATION WHICH EVER IS LEAST AS PER ACCOUNTANT
STANDARD 2.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
why you choose accounting as your career ? ?
What is EBITDA
euro currency market
What is functional area,trading partner in sap fico
what are the types of provisions that you would make for the end of a financial year?explain
Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000
In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
what is the script forms standard text in fico
Debit Note & Credit Note?
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
difference between vat 47 & vat 49
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger
what are the questions commomly asked in reuter's interview.?
proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario
