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?
- 0 Answers
- 2032 Views
- I also Faced
- E-Mail Answers
in BRS. cash book and pass book has Dr. side and Cr. side If we issued a cheque where we have to show that amount in both.
what is insider trading?
The following are details of an invoice from a foreign supplier of goods: 20 pieces of item X @ $ 20 per piece $ 400 20 pieces of item Y @ $ 5 per piece 100 Shippingcharges 40 Discount -80 Total $ 460 Total cost of above shipment of goods is Dh 2,300 which is made up of Dh. 2,070 representing cost of transferring the above invoice amount of $460 and the balance of Dh 230 represents other direct costs You are required to calculate the landed cost in Dirhams for ONE PIECE of item X.
what is the subprime?explain it.
In Accounting how many types of formulaes?
What are bad debits?
What are the general Ledgers?
Expand C T C
what is the meaning of mutual funds?and how many types?
What is the value of inventory as per Financial Accounts (AS2) and as per Cost accounts? Someone told me that as per cost accounts only works costs is considered in CARR while for FA, AS2 is followed with cost or NRV whichever is lowewr? Please explain the difference.
Expand---------NAR
EXPAND___________MHRD
Audit 
