if closing stock appears in the trial balance what is the
sollution
- 7 Answers
- 8803 Views
- HCL, I also Faced
- E-Mail Answers
Answer Posted / chandu
yes sir, if closing stock appears in the trail balance, the
closing stock shown in the balance sheet at assets side
| Is This Answer Correct ? | 4 Yes | 2 No |
Post New Answer View All Answers
what is the procedure of interview question in genpact
what about case study
define drawer or maker
What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?
In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?
How shall I calculate the true profit of my business, as I am a layman for accounting.
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
What is accounts payable?
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
what is meant by qurum
What is revaluation of Accounts, how does it is accounted in business
Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet
how to solved the shares qusionas ?
