Interested to Buy Any Domain ? << Click Here >> for more details...
The Trial balance will show only the Opening Stock & Purchase for any given period, but for Profit and loss, we have to calucate the Opening + Purchase – Closing stock ?
- 1 Answers
- 2457 Views
- I also Faced
- E-Mail Answers
however when u manually make a P & L from Trail balance, the closing stock will be simple, Add all the Revenue less the expenses & Deprication, and there will be a figure in Trial balance for Retained earning this difference should match with your closing stock Physical inventory valuatation (is this statement correct?)
| Is This Answer Correct ? | 0 Yes | 0 No |
what is cost unit n what is cost sheet?
Define fair value accounting?
Give an accounting treatment for Investment made worth 100 today,after 6months its value is 60.
What is meant by calendar maintenance?
Sales tax waybill is required for how much value of invoice (for example we raise Rs.1000 bill is waybill required in andhra pradesh)
What are accounting entities?
What is debit and credit?
how many type of vat
if u r work in showroom as a accountant. one day owner's friend is come into his showroom and he want to buy a 1 track-shoot but he confused and he take 3 track- shoot with us and reply he only pur. 1 track-shoot & 2 track-shoot return after 3 days. so now what is entry passe in account.?
How to show discount received in Tally?
how will rectify the error in trial balance.
Suppose A company is giving salary to its employees on 10th of every month. So on which date the salary payable entry will be passed/due also tell what will be the general entry for salary payable
3 Answers Enrich, Wells Fargo,
Audit 
