why opening stock posted in expences side in trading account
Answer Posted / janvi
Creditors are liabilities of a b's so it is credited in journal like this opening balance is previous year closing balance so it is our liability that's why it is Dr. to trading account
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Does any one attented HSBC audit compliance test? Please let me know asap. suraj
How does a bank or financial institution calculate COGS? What are the 'direct' costs of a loan or deposit revenue operation?
how to solve the problem of sechdule date problem in sap proframme.
I am Simrat Kaur. I am persuing graduation from P.U. I have an experience of 14 months as a CSA. But i hav an experience letter of 6 months.But I can show my joinin letter of the other job. I hav knowledge of basics of computer & internet. Actually, m findin job in chandigarh. I am findin the right opportunity. so, Can u plz help me in findin the right job?? Can u plz tel me abt where interviews r goin on?
STATE & EXPLAIN THE IMPACT OF GLOBAL FINANCIAL CRIS ON CEMENT SECTOR IN INDIA:
I want to validate Customer credit payment with customer invoice, When billing time, the system check the customer credit payment, if customer credit is lesser than customer bill, system should not allow the billing further process. Can I configure in sap
sir i want aao lic exam model question paper
Can anybody tell when sbh dispatches appointment letters for Clerical for people completed medical and scrutiny of documents on 15/08/09?
why your choseing bank of america
what is rate of service tax and form no. of service tax ? wt rules of service tax a particuler once .?
Does provisions need to be subtracted from reserves if net worth is calculated on the basis of share capital based method
1) What is the steps of delisting the listed company 2) How to spliting the listed company shares 3) Which way the company should function when it has paidup capital is equal or more than 5,00,00,000/- (I mean which way the company should do it work in the company Act 1956. Is the company have to appoint a CS and and managing director of a any other things which is compulsory for these kind of company which paid up capital is 5,00,000/-
How to analyse the day to day sensex Points or Forex Values?
what is mean by tax holiday?
Occasionally it is said that issuing convertible bonds is better than issuing stock when the firms shares are undervalued. Suppose that the financial manager of Decent Furniture Company does in fact have inside information indicating that the decent stock price is too low. Decent furniture earnings will in fact be higher than investor’s expectations. Suppose further that the inside information cannot be released without giving away a valuable competitive secret. Clearly, selling shares at the present low price would harm Decent’s existing shareholders. Will they also lose if convertible bonds are issued? If they do lose in this case, is the loss more or less than it would be if common stock is issued? Now suppose that investors forecast earnings accurately, but still under value the stock because they overestimate Decent’s actual business risk. Does this change your answer to the questions posed in the preceding paragraph? Explain.