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Answer Posted / aftab shaikh
Bank Reconcilation a process which find the gap betwin Bank
entry and our bank ledger, If someone company give a cheque
in month end,we put this entry in our bank account means
bank ledger but still cheque are not clear in this current
mths, but cheq clered in next month, the both entries
reconcilate in a statement that is a bank reconcilation
statement.
pls check it this correct! and advice.
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closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
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