opening stock rs.6000
purchases rs.22000
cash sales rs.18000
credit sales rs.12000
calculate closing stock if rate of gross profit on cost of goods sold 25%.
Answer Posted / shilpi panchal
5000 Closing Stock
| Is This Answer Correct ? | 0 Yes | 3 No |
Post New Answer View All Answers
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?
IN VAT INVOICES DISCOUNT ALLOWED OR NOT
what is the last date of deposit TDS on liability for the assessment year 2010-11
cash credit taken from bank then what is the general entry?
How do you prepare mis reports?
What is the provision? What is the entry for provision?
Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me
In 3 way match.....Order qty is 100 and received 90 and 10 got rejected. But the supplier sent an invoice for 100 qty. what are the steps we need to take in SAP. Whether we need to reject the invoice or process with the 90 qty .please explain with real time.
how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.
Define tally accounting
What does a demo/presentation need to be effective?
SHADOW BALANCE SHEET
Define partitioning in accounting?
If company invest Rs. 3,00,000 in Chit & Fund and later received with Profit Rs. 3,50,0000 = (Rs. 3,00,000 + 50,000 profit amount). Pls advise how to pass the profit amount...and in which head the profit amount goes