what are different inventory and stock.
- 1 Answers
- 2067 Views
- I also Faced
- E-Mail Answers
The combination of raw material,work in progress, and finished goods is called Inventory.
Stock means the finished goods,which are ready for sale.
| Is This Answer Correct ? | 0 Yes | 0 No |
X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800
What are the 5 basic accounting principles?
What are the current liabilities & current Assets
what is the rule for applying EL and CL and what is the Advance period for applying EL and CL
what is the meaning of the amortization
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
Where will loss appear in Balance Sheet?
4 Answers Chartered Accountant,
Define social responsibility accounting
what is tds and how it is calculating
HOW TO CALCULATE INPUT TAX CREDIT (ITC) ?
what is cash flow statement and fund fund flow statement
Purchased 10 pcs Mouse @ 230 from TC Ltd and get another 2 pieces as free sample.
Audit 
