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Under which category in the balace sheet will closing stock appear

Question Posted / imad

Answers were Sorted based on User's Feedback



Under which category in the balace sheet will closing stock appear..

Answer / bhakti

asset side under the head current asset

Is This Answer Correct ?    18 Yes 0 No

Under which category in the balace sheet will closing stock appear..

Answer / sunil kumar

Assets side

Is This Answer Correct ?    3 Yes 0 No

Under which category in the balace sheet will closing stock appear..

Answer / bharathi

liabilities side

Is This Answer Correct ?    1 Yes 17 No

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I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.

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