Can you tell me the closing stock entry?
- 21 Answers
- 41652 Views
- Alpha, Cyber Matrix, Satyam, I also Faced
- E-Mail Answers
Answer Posted / prarup shrestha
Closing Stock (Assets, Balance Sheet) A/C Dr. -----
Trading or P/L A/C Cr. (Expenses, Trading or P/L A/C -----
The Dr. entry of the closing stock will remain as assets in
inventory and will be carried forward to next year where as
Cr. entry will be deducted [opening stock+purchase-closing
stock (trading)] as like expenses in Trading or P/L A/c and
not will be carried forward to the next year.
| Is This Answer Correct ? | 11 Yes | 2 No |
Post New Answer View All Answers
what is finance what is bpo why do u want join a BPO types of process in BPO Company's
Paid office electricity charges Rs 15000/- and Ram partners residence electricity charges 1250 thr andhra bank cheque
1.how can carry forward the balance of ledgers to the next financial year in tally erp 9
Rs. 23.50 ( Rupes twenty three & paise fifty only) what is euro Conversion?
what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?
How and by whom the Percentage of Depreciation is fixing?
what is the organisation chart for accounting and finance ?
why should the company give first perference to the perference shareholders?
Hi Iam Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Officer's post. Please help me I f u can. thanx in advance
sort out the difference between service provider & service reciepient from the service tax.
How to dived the persons AOP, AJP, BODY OF INDIVIDUALS,HUF,COMPANY-NON RESIDENT, COMPANY RESIDENT LOCLA AUTHORITY,PARTNERSHIP FIRM(meaning)
Define capital
what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?
what is a Depository Participant?
WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT
