where should the closing stock amt will effect in p & l &
in b/s
Answer Posted / d.kavitha
closing stock will not be effected in the P & L A/c , It
will be effected in the Trading account sales side, In the
balance sheet under current Asset closing stock effect.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Explain what a deferred asset is and give an example?
Explain have you ever prepared mis reports and what are these?
what are your current financial and accounting projects? What is your role?
my question is I am finance student I want to know which type of the question are asked by the interwier in interview.
What is an ea in accounting?
what is core accounting?
What will be the entry when deduct ESI @1.75% from the employees salary?Same as in the time of ESI of employer part @4.75% in tally posting? In PF posting in tally what will be the entry ?
Is push down accounting accepted under generally accepted accounting standards?
In South Africa, the value added tax is administered by?
what is the meaning of written-off as goodwill written-off
Why did you select accounting as your profession?
Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????
Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es
What is diffrence Between GPF and EPF?.. can anybody explain..?
record the following transaction in the various books of accounts F Black loan us $5000 paid by cheque.