What is the Journal Entry of Closing Stock (Raw Material) of
a manufacturing Company
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Answer / poonam
Trading A/c Dr
To Closing Stock A/c
Because of Closing stock is cr. side of trading a/c, so i think above my answer
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Rent outstanding:2500
I have an invoice here amounting to $1893.60 (purchases), a credit note of $61.00. I have paid the vendor $1,832.40. How should I record my entry? I am aware that the credit note entry is using journal and the payment is using payment voucher. But I am not sure how to post the entry. Please help. Many thanks.
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