why the closing stock arises in the trading account of final
accounts
- 2 Answers
- 4005 Views
- I also Faced
- E-Mail Answers
Answer Posted / sajjad1
at the end of the financial Year the stock which is actuall
in hand is revnue for the business so it appear in the cr
side of trading account.
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
correction of sundry creotors
What is process of Vendor Reconciliation and which items will be Add and Less from ad per customer books likes step by step 1-Credit Note shown in vendor a/c but not booked in our a/c- Add or Less 2-Debit Note not shown in vendor a/c but booked in our a/c - Add or Less 3-Invoices not booked in our a/c but shown in vendor a/c- Add or Less 4-Payment booked in our books but not shown vendor- Add or Less If our balance is plus or minus rules is same. like 20000, (-20000) Sir, Provide your mobile n for clarify
What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings
What are the various systems of accounting? Explain them.
what is share application money pending allotment?
what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
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.
I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?
when receieve cheque from a party and we deposite cheque in bank how do this entry
Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!
We have purchased some good from our vendor and we asked them to transport the same to some address but they have raised a debit note to us for transportation instead of invoice. Same like we have given some order to manufacture for developing that product they have charged some amount for that also they have raised the debit note. How to account these type of debit notes in tally..?
What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?
on what rate depreciation will be calculated?
Unrealised profit will be debited to ?
