Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / chandra shekhar
To understand this we need to understand first what is
trial balance? A Trial Balance is a statement of ledger
account balances and closing stock is not a ledger
anymore. For example when we purchase something we pass
journal entry “ Purchase A/c Debit” not stock A/c
Debit. We never make a ledger in the name of “closing
stock”. Closing Stock = Opening Stock + Purchases – Sales.
| Is This Answer Correct ? | 15 Yes | 3 No |
Post New Answer View All Answers
Expand-------NBTA
wHAT ARE EVENTS
what is futures and options?
how to maintain stock if any entry mismatch pllzz tell me short cut
I want to know with example of vat & Salestax
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
what are the new rules of central excise ?
What is the basic difference between pledge, hypothication and mortgage????
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
How i pass the share holders capital entry in Tally? How to set this option in Tally?
what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)
I've just started to work as an accounts executive and intending to take up SAP. Can anyone tell me what are the preparations required for me as an accountant to be a successful SAP consultant.
how there prepare bank interview
Expand---------PDCB
How do you handle lack of direction or working in chaos
