how do you calculates closing stock in Trading A/c
Answer Posted / dillip kumar dash
For Closing Stock we have to add Opening Stock in Purchased
Stock and then substract the Sales and damages. i.e.
Opening Stock + Purchases - Sales - Damages** = Closing Stock
**(in some case the damege wont come and adjust in Profit
and Loss Account and in some case it wont come into Account.
It will very by nature of business to business)
Is This Answer Correct ? | 11 Yes | 5 No |
Post New Answer View All Answers
wHAT ARE EVENTS
what are the steps used in UAT in Oracle Apps?
how will i develop my fears in interviewd?
what are the customization u have done in sap mm
what are the models of valuation of the company
The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
what is the difference between financial accouning and financial management?
What is Analysing
Expand-------MUR
can any body help me with a copy of (any month/year) bank reconsilation statement,udai_skumar@yahoo.com
What will be entry pass in tally if TDS paid by Credit Card.?
What is the defination of job costing, batch costing and contract costing?
You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger
Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09
What is the analytical way of accounting?