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Accounting periode is normaly one year, bot accounting
periode is for 5 year is possible or not?plz list the name
of organistaion whose accounting periode is 5 year
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Answer / kunal
No coz we need to close the financial year within a financial year from 1st of April to 31st March.
still I'd say ask an expert of commerce specially accounting
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shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?
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