explain the relevance of closing stock account in trading
a/c when preparing the gross profit?


No Answer is Posted For this Question
Be the First to Post Answer

Post New Answer

More Accounting General Interview Questions

when re ordring quantity is 300 unit.minimum usage is 20unit minimum lead time is 5 days , maximum stock 400 unit , re - ordering will be: 1)300 unit 2)200 unit 3)400 unit 4)100 unit

2 Answers  


rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.

0 Answers  


WHAT IS MEAN BY CONTRA ENTRE? & WHERE IT IS USE.

2 Answers  


a cc. has balance Rs. 8,40,000 at the credit of profit and loss a/c this balance is used for redemption of debentures what will be the entry

0 Answers  


why the profit of a company is shown on the liabilities side in the balance sheet

4 Answers  






If A is Employee of the co. his salary is 100000 per month. tds is 20000 Rs. Professional tax is 200. then please tell me how to enter in Journal & payment vouchers in tally

9 Answers  


what is the balance sheet? And also tell me about the finanacial statement?

4 Answers   HCL,


Explain dual aspect term in accounting?

0 Answers  


which date is effected in books related bank reconciliation transaction date or value date?

4 Answers   Wipro,


Journal entry for interest received

5 Answers   Atkins, CP,


Pass the journal entry: rent outstanding

0 Answers  


what are the adjustment entries?

2 Answers   emc2,


Categories