Answer Posted / murali royal

Closing stock always appears in Adjustments of trial balance.

Closing stock will not appear in trial balance sheet. Bez it
is not a ledger a/c balance.

The adjustment items shall have two hold effect. In the same
manner closing stock has impact on
1. Trading account Cr side
2. Balance sheet Asset side under current asset

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

3351

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What is DRA in bank reconciliation.

1903

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What was use of tally erp 9? Types of vat?

1635

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explain the financialand economic meaning of investment?

2151

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Dear sir,i have completed M.sc,MBA.STILL I AM NOT GETTING WELL POSITION .I THINK ON LOW BUGET ON COURSE TO IMPROVE MY POSITION IN FINANCE FIELD.

2065

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what are the difference between banking institutions and financial institutions?

2085

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Expand DEHM

1905

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Do v call director in the partnership firm?

2107

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Purchase book is a ----------journal

2192

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What is Purchase Requisition means? Why we used this in MM Module in SAP? what is t.code of it?

2020

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Feature of Master letter of credit of Garments manufacturing company?

1853

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last date of tds deposit yearly,tds proforma challan

2615

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is it necessasary to make a partnership deed

2889

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How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?

2136

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Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times

2258

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