Interested to Buy Any Domain ? << Click Here >> for more details...
Why we show always closing stock in credit?
- 8 Answers
- 31252 Views
- FactSet Systems, I also Faced
- E-Mail Answers
Answer Posted / narayan bhusal
Matching Concept
(expense must be related to revenue)
according to matching concept we put the closing stock on
credit side of trading a/c.
only those
expenses which are related to earn the revenue are debited so that we can arrive at accurate profit/loss &
closing stock which is not utilized yet to earn revenue but
we use in future.so,put on credit side
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
what is bank aceleted?
List out the stages of double entry system?
payment voucher for advance salary
What are the functions of manger -accounts and manager-finance? Explain in detail
Explain me your current/former role, your responsibilities, and how success is/was measured?
were you happy with the grades you achieved at a-level?
Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90
Tell me what steps would you take to increase revenue for this company?
Why we debit expenses and credit incomes ?
Do you know executive accounting?
how to do asset appreciation in sap?
Other accounting interview questions to expect when you interview for an accountancy job include:
what is the manual procedure for accounting
how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.
what is inter-company transaction? what is Inter-Branch transaction?
