Answer Posted / subhash a.
Hi friend, please ask question properly. What is your
problem here? Whether it is Why, How or When to show the
closing stock in trial balance?
An entry is required to show the closing stock in TB:
How:
Closing Stock A/c Dr. xxx
To Purchases A/c xxx
Why:
To arrive at the actual cost of goods sold.
When:
when we adopt accrual system of accounting in book.
Here we are to share our problems and progress in our
careers. Hence, i request everybody to ask questions
properly and give answers properly. Best of Luck all the
friends in their careers.
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
I m entering much more than 500-700 sales vouchers per month. But I m getting a problem while entering sale voucher is that If I have entered a sale voucher in the middle of a date then the voucher no is being changed. So how can enter a sale voucher in the middle of a date so that i can adjust the voucher nos from changing.
Tell me what is trial balance in accounting?
What is a trial balance in accounting?
Tell me what do we mean by purchase return in accounting?
Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?
Why some asset accounts have a credit balance?
What is the difference between cost accounting management accounting and financial accounting?
Tell me do you think accounting standards are mandatory and why?
Hello sir, i am assistent executive in partnership firm.i learn't tds return, sales tax return, service tax return and all accounting entry,reconciliation with customer & supplier.BRS. please guide me for more knowledgeble sectore in account. hense i reach become a good position in account sectore.
what is the meaning of written-off as goodwill written-off
Why Company maintain's books of account?
why accounting is important in business?
MEANING OF RED HERRITING
Wo kya cheez hai jo sal me 1bar mahine me 2 bar aur hafte me 4 bar aur din me 6 bar ata hai?
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry