Explain the effect of closing stock on gross profit and net profit.
comment on the financial health of their business.
Answer Posted / lucky
When we purcahe then the Cloing stock against this purchase
increased so due to this its not effect on G/P as Per N/P
after issued and consumed this item Closing stock will be
decrease then G/P and N/Palso Decrease.
Is This Answer Correct ? | 9 Yes | 2 No |
Post New Answer View All Answers
please send me some previous sbi clerical interview questions to my email id....
what is an advance against expenses
what is portfolio Saint?
Entrance Exam question & Answer required
Expand---------NPTO
what is the uniform public construction cost accounting act?
describe how accuracy in trial balance is a prime objective for preparing the financial statements?
sir, i am working recruitment con.pvt ltd inthat one person salary will pay per month Rs.28000/- so i want to enter in our books only one salary payment or basic pay and spl.aa and others like this break up entrys we will pass please suggest
What is inter-corporate deposits? and where it is shown in balance sheet?
hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?
what is span of shares
fridge was capital or revenue?
During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?
1.provide a brief write up on why you consider yourself suitable for the post voting your major achievements? 2. Mention your position in the hierarchy and the levels above and below you ?
How do you avoid loss situation