Answer Posted / mittaldn@allinterview.com
CLOSING STOCK NOT SHOWING IN TRIAL BALANCE BECOUSE
1.OPENING BALANCE SHOWING IN TRAIL BALANCE AS PER ACTUAL
INVENTORY.
2. WE ARE PURCHASE VALUE BOOK IN ACCOUNTS OF BOOKS 100% AT
THE TIME OF BIIL PASSING.
SPOSE WE ARE PURCHASING 100 NOS.OF GEARS @ 20/= BILL VALUE
OF RS.2000/= ( PURCHASE A/C DR TO PARTY )
WE ARE USING FOR PORDUCTION IN THIS 60 NOS OF GEARS UP TO
END OF THE YEAR.
40 NOS OF GEARS COST ALLREADY BOOK IN THE PURCHASE VALUE SO
CLOSING STOCK NOT SHOWING IN THE TRAIL BALANCE
OPENING STOCK+CLOSING STOCK-CONSUPTIONS= CLOSING STOCK (
ACTULE INVENTORY VALUE SHOWING IN THE BALANCE SHEET
Is This Answer Correct ? | 14 Yes | 3 No |
Post New Answer View All Answers
X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800
Why is it necessary to prepare Asset Disposal Account?
Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs
Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP
Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same
How to create a liability for Service Tax in SAP
Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.
After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?
What do you mean by gaap in accounting?
In which ways is math used in accounting
What other careers are you considering?
As you know excellent communication skills are at the core of this position. Do you have experience with interpersonal communication in a professional setting?
How to pass the entry in tally for demolished of building?
What does the word credit mean in terms of accounting?
Tell me what is the abbreviation for the accounting terms debit and credit?