what will be the entry for inventory

0 Answers   Accenture,

---

From the following Trial Balance of Seema Garments as on 31st Dec., 2007, prepare Trading Profit and Loss Account and Balance Sheet: Dr. Rs. Cr. Rs. Opening Stock 15000 Purchases and Sales 109000 180000 Manufacturing Wages 8000 Fuel, Power and Lighting 12000 Salaries 11000 Income Tax 5500 Loan to Mr. X at 10% pa. 5000 Interest on Mr. X’s Loan 300 Apprentice Premium 4500 Rent 4000 Rent Owing 600 Furniture (includes furniture of Rs.1000 purchased on 1st July, 2007) 5000 B/R and B/P 6000 1600 Plant 72000 Debtors and Creditors 28000 13000 Capital 100000 Cash 19500 300000 300000 Informations: 1. Closing Stock was valued at Rs. 30,000. 2. Goodsworth Rs. 5000 was sold on 28th December, but no entry was passed to this effect. 3. Goods costing Rs. 7000 was purchased and included into Stock but no entry was passed to record the purchases. 4. Create a provision of 2% for discount on debtors. 5. Apprentice premium received on 1st January, 2007 was for 3 years. 6. Depreciate the furniture by 10% p.a. 7. Salaries for the month of December, 2007 are still outstanding.

2 Answers   Ignou,

---

what is the pecentage of sale tax

2 Answers  

---

What do you mean by gaap in accounting?

0 Answers  

---

What is trail balance

5 Answers  

---

what is sox?

4 Answers   Accenture,

---

what is withholding tax

3 Answers   Meru Cabs,

---

In tally, i want indirect expenses to be an outstanding expense for me in such a way that if i include it in the sales voucher, it should not add to the price of the product but rather only indirect expenses should be credited. How is it possible?

5 Answers  

---

what is accural

5 Answers   Genpact,

---

What is the ment of Classifying?

1 Answers  

---

Hi guys, in my company, have a recruitment for junior accounts executive(2 to 4 years only).. For 10-15 positions, if any body interest pls send your resume to my mail id... Remember, any body from manufacture or construction field 1st preference...Definitely i will help u.Send ur resume to "mukeshreddy37@gmail.Com" immediately

3 Answers   bscpl,

---

What are the difference between P/l a/c and income and expenditure

12 Answers   Genpact, IBM,

---