WHY NOT SHOWING CLOSING STOCK IN TRAIL BALANCE

Answer Posted / prasob.c.k

physically we want to verify the stock and should apply
market price or cost price which ever is less.
This is the method for determining the closing stock.

Is This Answer Correct ?    1 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain compound journal entry.

608


Who created snapit accounting?

625


can any accountant forward format of daily or monthly mis format for accounts and finance dept!!

1437


Tell me what do you believe makes a successful account executive?

590


What is consignment cycle.?Explain the steps involved in the Consignmet..?

1109






"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.

1621


i have selected jr. accountant/ auditor in ssc graduate level 2008 scheme b. but i have not yet received deptt. memo and also appointment letter. when it will be come??? how much time???

1525


Hey can any body tell me..What are negative assets?

1617


April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.

2698


Where should tds received should show in balance sheet?

626


sale cycle

1504


1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS DEFFERED REVENUE EXPENDITURE?

6786


What is use of subject history in banking?

2213


Is the shadow balance present in bank account always credited or bank may reverse it as well?

610


Which accounting application you prefer most and why?

693