how to calculate closing stock...? include direct exp or not...
Answer Posted / atul kumar singh
Closing Stock= (Opening stock+Purchase+sales) -returns-sales + loss of goods
Is This Answer Correct ? | 0 Yes | 2 No |
Post New Answer View All Answers
How to post advance paid to a supplier in oracle jd edwards
What are the methods used in different industries for labor and non-labor costs in Projects.
WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL EXPENDITURE?
MEANING OF RED HERRITING
What is vat adjustment?
Explain me fair value accounting?
what do you consider to be the biggest challenge facing the accounting profession today?
Tell me do you have any professional experience of this field?
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
total assets are equal to total liabilities in final accounts ?why?
What are the different fields of accounting?
While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated
Cello pen gross value is 935.89 for 12 nos 14.5% tax
sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .
Accounting transactions are recorded in accordance with thier legal form or substance. Briefly explain the legal form and substance of the accounting transactions and give one relevant example.