where should the closing stock amt will effect in p & l &
in b/s
- 8 Answers
- 11966 Views
- Google, I also Faced
- E-Mail Answers
Answer Posted / mohammed irfan khan
closing stock is not shown in p&l a/c it is shown in
trading A/c credit side
and in balance sheet it is shown as an asset side(current)
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
What is the entry for closing stock value reduction?
what is account reconcillation
i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?
How to calculate Gratuity & when it's applicable to employee after three years or Five years?...
Have you ever heard about tds, what it is?
WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?
What is a trial balance in accounting?
dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?
Explain me bills receivable?
Tell About ur self what will i say plz help me
Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?
sir, i want t know, i got a cheque frm sindhu (that amount i gave her as rent advance, she is returning nw) bt the cheque has cancled and bank take cheque return charges so plz give this journal entries.
Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.
Tell us what is your proudest accomplishment?
The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above
