Which balance for profit ? debit or credit? also which balance
for Opening Stock?
Answers were Sorted based on User's Feedback
Answer / guest
for profit credit balance and every end of the year (credit)
closing balance will forwarded by the next year opening balance
| Is This Answer Correct ? | 19 Yes | 2 No |
Answer / nawal kishore ojha
Ccredit balace for profit
debit balance for opening stock
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / javeed
credit balance for profit & debit balance for op.balance
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / mudunoori
Are you putting question to clear and revise the subject or
testing others. Try to frame the question in a right way.
That will help you and others also.Try to read your
question once again.I am not critisiging or discouraging
you. Try to develop yourself with this Website
| Is This Answer Correct ? | 5 Yes | 4 No |
18) Difference between Income & Expenditure and Profit and Loss Account?
4 Answers D-Mart, JPMorgan Chase,
why the closing stock is not considered in drawing trail balance.... Are there any other items like the above
what is accounting
What do u mean by GDP, explain in detail?
Expand---------GMT
how there face in lvbank interview
What is the difference between Debit and Credit Card?
What form of classification of expenses is expected for a charity whose gross income does not exceed ?250,000 preparing accruals accounts?
What is the entry posted for GRN (Goods received Note)? If the stock received from the party what entry have to post in books? And in which a/c it has been hit?
How might quality problems manifest themselves in an accounting department?
1 Answers Boston Consulting Group,
i need sbi bank clerk exam model question papers
explain purchase cycle?