The following are the transactions with respect to goods
traded by Gopal-
i) Purchased goods worth Rs.50,000 on 1-1-2005 for cash
ii) Sold goods costing Rs.20,000 for Rs.30,000 on cash
iii) Bought goods Rs.45,000 from Suresh & Co on credit
iv) Paid Rs.30,000 to Suresh who gave us a discount of Rs1,000
v) Sold goods Rs.23,000 but their cost is Rs.12,000 for cash
vi) Sold goods to Gangadhar for Rs12,000 on credit,(cost Rs
9000)
vii) Received cash from Gangadhar Rs.11,500 in full settlement.
viii) Paid carriage charges on the goods purchased Rs.2,000.
Find out the closing stock as on 31 -1-2005. Also, find how
much is still due to Suresh?
Answer Posted / arju
Hello,
Someone pls reply.
Please at least tell me how to find the closing stock?
Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Do you know what are trade bills?
as muthoot finance is a finance co,so what would be pattern of asking in relation to finance and a/c question?will it be basic or general or it would be market related situation?plz if help me anybody...
Why is it necessary to prepare Asset Disposal Account?
One Institute, after completion of course not issue any certificate to students, they issued certificate from other branded institute with cost (Kindly provide the term of this expenditure to appear in P&L a/c)
what is loan operations and what are the complete process form from making customer to closure of loan
What is the use of form D in sale tax
can any one send me tally professional version link
What is mutual fund what is derivatives what is capital market what is TDS.breifly
Define fictitious assets?
Which kind of transactions are not recorded in the books of account?
what is the due date of 28th feb
in tally software payroll vouchers option is there for what purpose it is used ? please tell me friends.
Please provide me the entire format of P.F. & ESI
How do I record a prior year property tax refund on sale of asset due to overvaluation
what is profit maximisation