Interested to Buy Any Domain ? << Click Here >> for more details...
How is closing stock is valued at the end of the accounting
year?
- 2 Answers
- 9155 Views
- ACS, Wipro, I also Faced
- E-Mail Answers
Answer Posted / vivek g krishnan
As Per AS-2, Inventories are Valued at lower of " Cost and NRV".
Don't confuse with Cost or NRV. Because AS specifically states the word "and".
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is journal entry for salary paid less deductions (e.g. fines for breaking a company's property)?
Tell us in balance sheet, where do you show tds?
what is share application money pending allotment?
what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???
List out things that fall under intangible asset?
Do you know compound journal entry?
Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
IF SALES BILL PREPARED BY CHARGING CST 4 WHEN THERE IS CST 4 TO BE CHARGED. BUT NOT 2010-2011 CST IS 2%. NOW WE HAVE TO PREPARED CREDIT NOTE AGAINST THAT BILLS WHICH CHARGED CST4 AT THAT TIME. THEN I HAVE TO ASK THAT HOW TO MAKE CREDIT NOTE NOW I.E 2010-2011 BY CHARGING 4% OR 2% ?
What is a ledger?
Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.
What is a business transaction in accounting?
What is accounting & why it is used?
we can transfer stock between two firms with same name but prop. is different.
sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.
Purchase order value Rs. 10000/- 0.7% is erection chareges (inclusive of the above price) central Excise applicable & Local sales tax applicable,The above price is inclusive of all taxes.
