if average inventories is 12000. closing stock is 3000 more than opening stock. then what's is the closing stock?
Answer Posted / nandana
Let opening inventory x.
Closing inventory is 3000+x
Average inventory=x+3000+x/2=12000
2x=21000
X=10500
So closing inventory=3000+10500=13500
| Is This Answer Correct ? | 50 Yes | 2 No |
Post New Answer View All Answers
what are the different kinds of cash books
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
why specifically inited states ?
i want to sit for the written examination held by govt. sector like coal india, ongc for the post of accountant .. qualification ca inter.. plz any1 of u let me know on wht subjects the questions are asked and wht types of questions are asked... plz let me know.. plz
how to entry in tally for other person check received
give the details of overheads which are not included in costing
1) why rbi charges more interest rate in d form of repo while borrowing from commercial banks, and lends at a lower interest rate(reverse repo) to d commercial banks? 2) Do cooperative banks need to maintain policy rates with rbi? 3) why rbi does'nt pay any interest rate on CRR?
tell me about a time you had to deal with a conflict between a licensed and unlicensed personnel and how handled the situation?
What is EBITDA
Data flow of Accounts payable to General ledger?
what is audit mean? what is vouching? how to finalize the account? what is the meaning of + cast < as per last year auditor’s a/c ^ as per ledger JV journal voucher PV payment voucher AJV authorised journal voucher APV authorised journal voucher RV receiving voucher PCV petty cash voucher CPV cash payment voucher DN debit note DO delivery order PO purchases order CN credit note PS policy schedule RPS renewal policy schedule B bill Cx cross check nCx cannot cross check CB cash bill L list/letter SRF stock requisition form R report OR office report INV invoice DS deposit slip AB assessment bill Re receipt ECF entertainment claim form ATRF air ticket requisition form
please tell me questions asked in NICMAR for the post of accounts executive
While we are bringing our machinery items to factory through a vehicle from other state to Andhra pradesh, is this correct to send our own state way bill along with the other state way bill.
what is cost audit?
wages posted twice what is the entry for that?