where do u get credit opening balance?
Answers were Sorted based on User's Feedback
Answer / prashanth
Capital account and all reserves and all liabilities.
Is This Answer Correct ? | 4 Yes | 2 No |
Answer / syed razvi
we credit at the Balance sheet Liability side for sundry
creditors, Bank OD, Capital Account & and any Loans
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / srinivas rao
we get credit opening balance on credit side of the ledger
Is This Answer Correct ? | 4 Yes | 3 No |
Expand-------SCAN
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Expand-------ACNS
In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if. The selling price is reduced by 5 %. Fixed cost is increased by 2 lacs