shanavaz


{ City } ernakulam
< Country > india
* Profession * accountant
User No # 17399
Total Questions Posted # 0
Total Answers Posted # 2

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Questions / { shanavaz }
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Answers / { shanavaz }

Question { 13464 }

i would like to know is closing stock appear in trial
balance & it appears in which side in trading a/c


Answer

it appears in the Credit side side of the trading account.
and also appear in the Balance sheet under the head Current
Assets.
Not appear in Trial Balance

Is This Answer Correct ?    1 Yes 0 No

Question { 5626 }

My Question regarding owners drawings.
case1; If owner paid some expenses from his own pocket and
later that amount added to his salary then what adjustment
entries will needed.


Answer

Expenses A/c - 15000.00
Working capital A/c - 1500.00

Working Capital A/c - 1500.00
Director Salary A/c - 10,000.00
cash/bank - 11,500.00

Is This Answer Correct ?    0 Yes 1 No