why the closing stock arises in the trading account of final
accounts
Answers were Sorted based on User's Feedback
Answer / preeti
its very simple.closing stock arises just bec of some stock
remains unsold in the buisness due to some reasons.
| Is This Answer Correct ? | 12 Yes | 6 No |
Answer / sajjad1
at the end of the financial Year the stock which is actuall
in hand is revnue for the business so it appear in the cr
side of trading account.
| Is This Answer Correct ? | 3 Yes | 1 No |
Does anyone have any other recent Factset interview questions?? what other types of technical questions do they ask consultants?
what is Vat c-4 form why using
what is the book keeping?
What are the advantages & disadvantages of double entry system?
Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?
what is entry godds drwings in personol use my point of viwe is drwaings ac dr To goods
What are source documents in accounting?
REPORATE
suppose we received goods from H.O.The sisterconcern received it.wat will be the entries if tge S.C.sells it from here.
Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????
Balance sheet is account or statement?and Which account is come under balance sheet(i.e. real,personal and nominal account)?
Honda car dr 11556 purchase 25/08/2010 to bank cr 4100 to loan cr 7456 Installment paid upto 31/7/2012 @ 207/-pm (total 4761/-) Loan Bal. 2695/- Car was cancelled due to accident in June-2012. Finance company refunded 6656/-(15/08/2012) Total accumulated depreciation was 5202.318. what will be the Car write-off entry..??