Answer Posted / satyaki_raju@yahoo.com
As everybody said it is placed in trading account.I would
like to give some expalnation regarding the answer
1.It is placed in credit side of Trading account.It means
the trader deducting the remaing portion of stocks lying
with him by placing it on credit side.You can understand it
as balancing system.
2.The same quantity with value will be again placed under
assets side of the balance Sheet.The remaing portio of
purchased stocks are lying with him. Traeting it as asset
we will keep them under asset side
| Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
what is the difference between Assets Allocation & Security selection?
Expand---------PSRT
what is the accounting conventions
why do you want to work here?
DEfine SAP
What is the New GL concept? how do you configure new GL a/c?
how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%
what is Tds %,Service tax %,Cess %,and ESI,PF %,and what is the use of this.
EXPAND___________IMA
Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L
Total numbers of companies listed on stock Exchange?
What is Hot Issue Income for Hedge Funds?
Hi friends can you send me the Accounting Interview questions with a interview experienced questions please
What is Merchandising Accounting process
cash sales and credit sales both are asset or liability?
