Expand ________GHMC
Entry for the settlement of loans?
what is transposition-cum-demat?
EXPAND_______________TUDA
what is tangible Asset?
Expand--------CMTS
How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
Expand-------TNAS
Contra Entry: I have deposited some amount from company account kannur branch to H.O. bank account. both pnb. What will be the contra entry for this transaction?
What is capital gains?
Expand---------DSCB
Rectification entries.
Give a brief explanation of the fundamental accounting concept of prudence