Interested to Buy Any Domain ? << Click Here >> for more details...
Can you tell me the closing stock entry?
- 21 Answers
- 47015 Views
- Alpha, Cyber Matrix, Satyam, I also Faced
- E-Mail Answers
Answer Posted / ramesh
IN THE FINANCIAL YEAR ON 31ST MARCH THE STOCK IN HAND WILL
BE TREATED AS CLOSING STOCK THE THE ENTRY WILL BE
STOCK A/C DR
CLOSING STOCK A/C CR
IN THE NEXT YEAR IT WILL BECOME
CLOSING STOCK AC DR
OPENING STOCK A/C CR
| Is This Answer Correct ? | 14 Yes | 25 No |
Post New Answer View All Answers
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.
Classify bank account, stock of stationary account, returns inward account ou$tstanding rent account and capital account into real, personal and nominal account.
what is the organisation chart for accounting and finance ?
Expand BFSI
impairment & Amortisation Means
What is TDS entry for a Firm? as previous years TDS is shown as opening balance in the books of the firm in current year and i don,t want in C.Y as its claimed in the Computation of Previous Years???? So what is the A/C ing entry
with out college degree con't we dc accounting job?
What are the duties of sales tax department? Explain it
If DEBT/EQUITY ratio 2:1, is to good or bad for a company? how...??? can u explain it...???
Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000
2Create a program that accepts a number and output its equivalent in words (maximum input number is 3000). for example Enter a number: 1380 one thousand three hundred eighty
Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts
Short Answer on ______Budget
What is Merger?
