Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is journal entry of opening stock?

Answer Posted / kishore kumar d

Transfer opening stock to trading account (traders) or Manufacturing account (manufacturers), since opening stock is not a running account.
Following entry is to be passed:

Trading A/c Dr XXX (Or)
Manufacturing A/c Dr XXX

To Opening Stock A/c XXX

Is This Answer Correct ?    2 Yes 8 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the Accounts Payable & Accounts Receivable ?

2228


Paid office electricity charges Rs 15000/- and Ram partners residence electricity charges 1250 thr andhra bank cheque

1851


What is account

2228


What type of questions are asked for Interview of Manager Finance in Airport Authority of India ?

1814


EXPAND______________ICT

1973


how to maintain stock if any entry mismatch pllzz tell me short cut

1526


I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.?

1948


what is the script forms standard text in fico

2776


What is ABC Analysis in industrial function. hw can it s maintain ?

2308


How do you manage the sales account in tally

2054


Short Answer on _________Business

2090


what are responsibilities of an accountant in a company?

2056


Expand---------PED

2149


EXPAND___________NBW

1913


What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?

2053