1)Why closing stock or stock always a positive balance is any reason for?
2)if i am working in IT company what is my Accrual?
Answer Posted / rajahalder
1. closing stock is currentassets tangible type. So it has physical existence, so it can be finished but can't be negative.
2. Sorry I can't get you.
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
What is the difference between deferred revenue and accrued revenue?
What are the most important goals of accounts receivable?
A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10
informance about performance is disclosed by
what is the meaning of written-off as goodwill written-off
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
why we multiply no. of purchasing year with average profit
In which ways is math used in accounting
Explain me your current/former role, your responsibilities, and how success is/was measured?
Do you know compound journal entry?
Explain some of the accrued expenses and the accounts in which you would record them?
If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details
How much mathematics knowledge is necessary or required in accounting?
Explain what qualities and skills make an account manager successful?
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.