why opening stock posted in expences side in trading account
- 9 Answers
- 21711 Views
- I also Faced
- E-Mail Answers
Answer Posted / mandar
like debtors a/c always has debit balance, and credit a/c
always has credit balance....for their balance to be
existed, inventory a/c also always has credit balance(as
inventory can't go in negative). thus, to tally both sides
of the a/c, cl. stock. is written at credit side...and thus
opening balance is then written at debit side, as it is
carried forward.
| Is This Answer Correct ? | 5 Yes | 11 No |
Post New Answer View All Answers
How does a bank or financial institution calculate COGS? What are the 'direct' costs of a loan or deposit revenue operation?
How often is the stock market ticker updated? 15sec? 30sec?
Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?
How to analyse the day to day sensex Points or Forex Values?
I am Simrat Kaur. I am persuing graduation from P.U. I have an experience of 14 months as a CSA. But i hav an experience letter of 6 months.But I can show my joinin letter of the other job. I hav knowledge of basics of computer & internet. Actually, m findin job in chandigarh. I am findin the right opportunity. so, Can u plz help me in findin the right job?? Can u plz tel me abt where interviews r goin on?
STATE THE DIFFERENCE BETWEEN BANKING FIS AND NON BANKING FIS
Occasionally it is said that issuing convertible bonds is better than issuing stock when the firms shares are undervalued. Suppose that the financial manager of Decent Furniture Company does in fact have inside information indicating that the decent stock price is too low. Decent furniture earnings will in fact be higher than investor’s expectations. Suppose further that the inside information cannot be released without giving away a valuable competitive secret. Clearly, selling shares at the present low price would harm Decent’s existing shareholders. Will they also lose if convertible bonds are issued? If they do lose in this case, is the loss more or less than it would be if common stock is issued? Now suppose that investors forecast earnings accurately, but still under value the stock because they overestimate Decent’s actual business risk. Does this change your answer to the questions posed in the preceding paragraph? Explain.
sir i want aao lic exam model question paper
1) What is the steps of delisting the listed company 2) How to spliting the listed company shares 3) Which way the company should function when it has paidup capital is equal or more than 5,00,00,000/- (I mean which way the company should do it work in the company Act 1956. Is the company have to appoint a CS and and managing director of a any other things which is compulsory for these kind of company which paid up capital is 5,00,000/-
I want to know that , If we called a person for one day for drive our company van or any other purpose. so how it will accounted in our (i.e companies) Books of accounts....
Is form 38 mandatory to issue c form in up. thru online mode
Information regarding shop & establishment registration of propiertor ship & require document for this
Treatment of Government grant and its utilization in P
what is rate of service tax and form no. of service tax ? wt rules of service tax a particuler once .?
what is correct accounting treatment for preliminary exps and pre-operative Expsas per AS 26? or any other applicable AS?
