Answer Posted / rajesh

Closing stock is generally related to manufacturing /
trading entity. Normally, it appears as last item on the
credit side of trading account. In the balance sheet, it
appears under the group "Current Assets, Loans & Advances".
Closing stock may be of raw materials, work-in-progress,
stores, spares, consumables, finished goods.

How can you made payment when bill come from vendor, what is the bills have you check.

1521

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I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary

1301

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Why an Expenditure is called Differed?

1514

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examole of cash to cash contra entry

1817

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What do you know about this position?

637

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I purchase a material with vat@4% and want to sale it to a bihar cliet.what will be charged as cst.Narrate me as brakewise.It is very urgent to mine.

1402

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in tally software payroll vouchers option is there for what purpose it is used ? please tell me friends.

1617

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What is use of statistics in accounting?

634

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Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.

1547

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What are the three factors that can affect your cash flow and business profitability?

591

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Explain me the basic accounting equation?

627

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Explain me the difference between public and private accounting?

673

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what is the responsiblities for accounts manager?

1479

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what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.

1403

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Explain me what is assets minus liabilities?

600

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