what is inventory and how can manage the inventory.
what is ledger and what difference in inventory and ledger.
Answer Posted / manikanta jagati
Hi there!
nventory is formed as RM>wip>FG. FG is accountable as opening stock, inputs, consumption, outputs, closing stock.
Ledger is an account prepared in books which may have debit or credit balance or may not be. Ledger is posted after having created Journal in the books. In accounting tools like Tally, if post J.e. then it automatically generates ledger accounts for the entries.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what supporting documents do we vouch to for sales, purchases, receivables, payables, sales cutoff, and liabilities cutoff?
What are the basic principles of an internal audit controlsystem?
What are objectives of internal audit?
A company charity (gross income 250k) wishes to take advantage of the audit exemption regime. However, there is an audit provision in the company's Articles. Should they be required to change the Articles?
How to involve people in audit?
What techniques used during an audit?
i have to finalize a mineral water co. for the year 2014-15 and i want to know that what will be rate of excise duty on sale of mineral water.
hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?
Explain what are the different functions of internal audit?
What Is Social Audit?
What is CARO 2003? What do you mean by management audit?
Explain the difference between internal audit and statutory audit?
for how much loan a borrower has to submit QIS
what is the PRPOER way of accounting salaries ETF EPF
accounting & audit system of film production enterprises