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I know that rate of stock turnover = cost of goods sold/ average of stock. average of stock = (opening stock + closing stock)/ 2 what happens if it is a new business with no opening stock? do u take closing stock/2 or simply just take closing stock as the average stock figure?
1 3630Please do let me know how to pass the entry for the rent invoice recd. from business centre (for eg. total amt. is 39941/-)includes rent is 35000/-, telephone chgs: 82.80/- ,Stationary 15/-, Pantry chgs. 450/- and service chg 4393.71/- .
3 56771- when will be vat charge, C.s.t charge and excise charge on the goods ? 2- what is different between intra sales & purchase and inter sales & purchase?
3 7188why the loss by fire taking in to the credit side of the trading a/c.instead of this is company's loss?
3 12805What do u mean by Deferred Revenue Expenses? Explain with examples?
Cap Gemini, Genpact, HSBC, Shivam, Wipro,
8 31583Post New Accounting AllOther Questions
How Are The Balance Sheet And Income Statement Connected?
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
as per partership firm TDS receivable at the end of goes to partners current account, but at the multinational company how pass TDS entry pass, where is it is goes
What is DECR And for wt it is used?
What is COVER payment?
how many types of practice accounts?
Expand--------SRTA
What is payment/receipt/period accruals?
Why do you want to work for us?
If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???
what is GL Balance
Who will be called as consignee
i have one question.when using fbra for reset clearing,message exchange rate different was posted and i have do reversalon the same time using fb08 but unfortunately i' m not authorize to use this transaction.my collegue only have.so how should i do.please advise
Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.
where is suspense entry is entered in tally erp9
