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

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Dear Sir, Tomorrow i am going for interview at TCS-Mumbai.Please let me know what kind of question are going to be asked.

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Please guide in details about Payroll in Tally.erp9??

0 Answers   Omega,

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Briefly explain the difference between receipt & payment and income & expenditure account.

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What is Statory Books ?

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fixtures of the the book value rs.2500 sold off at rs. 1600 and new fixtures of the value of rs.4000 were acquired what would be amount of capital loss if cartage on purchase is rs. 5? a.2500 b.900 c.1605 d.4005

1 Answers   Xerox,

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how is suspense a/c treated after it has been shown in the trail balance ?

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have you ever been involved in an invoice dispute? How did you manage the problem?

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what is balance of trade

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what is single entry system

1 Answers  

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even if trial balance matches there is an error of wat???

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Tell me what does the standard journal entry includes?

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