Why we are prepaparing Debtors and Creditors list for more
than lessthan 6 months at the year ending?
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Answer / y.bemlateswara reddy
Because to know the liquidity position and quick
receivables and to know whether they are receivable or not.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / abdulaziz
To know the exect position of the business in the sens of
recevable and payable to find out the liqudity ratio.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / joydeep chakraborty
Because to know the liquidity position and quick
receivables and to know whether they are receivable or not.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / dharmendra.ch*mancherial)
becaz they are current asset and purerly the debtors and
the credirors are the real cash.
| Is This Answer Correct ? | 1 Yes | 4 No |
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?
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