Answer Posted / nyna

for profit & losses
cost of good sold = beg invty + purchases - invty end

balance sheet- asset side
beg invty + purchases - good sold = end invty

What is peach tree accounting?

1136

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Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST

1979

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we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?

2006

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Define social responsibility accounting

1124

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Tell me what are the key tasks for account executive?

1056

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What is cost accountancy?

1338

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A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.

4894

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Explain me where a cash discount should be recorded in journal entry?

4035

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Why did you choose the a-levels you did?

1110

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In which account does the unpresented cheque will get recorded?

1196

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While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated

2326

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Differentiate public and private accounting?

1105

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What is ERP? Diff b/w Income & Expenditure a/c & P/L a/c? What is the fullform & the application of SAP? What is the reasons where Balance sheet will not tally?

2345

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Define retail banking?

1152

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