"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.

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What do you mean by the word Loss in nominal accounting Give some examples

2 Answers  

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difference between provisions and reserves

6 Answers   Capital IQ,

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Calculate the P/V Ratio and BEP from the following particulars. Sales 5,00,000 Fixed Cost 1,00,000 Profit 1,50,000

3 Answers   Tamarai,

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Why don,t show the Closing stock in Trial Balance.

2 Answers  

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While finalizing the current year’s profit, the company realized that there was an error in the valuation of closing stock of the previous year. In the previous year, closing stock was valued more by Rs.50,000. As a result (a) Previous year’s profit is overstated and current year’s profit is also overstated (b) Previous year’s profit is understated and current year’s profit is overstated (c) Previous year’s profit is understated and current year’s profit is also understated (d) Previous year’s profit is overstated and current year’s profit is understated

0 Answers  

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What is Bill of Exchange.

3 Answers   Syndicate Bank,

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I am working in govt. sec. How to make journal entry in books for Fix Deposit

0 Answers   SBS Institute,

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In Ledger of Capital A/c what will be the entries for Drawings a/c?

2 Answers  

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REPORATE

2 Answers   Bank Of America,

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What is creative accounting?

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while preparing insolvency account deficiency account is wich account? why we do not prepare it with general rules?

0 Answers  

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