where should the closing stock amt will effect in p & l &
in b/s
Answer Posted / pradeep
closing stock amount will effect in Trading account Not
P&L .and also assets side of balance sheet .
| Is This Answer Correct ? | 9 Yes | 2 No |
Post New Answer View All Answers
please explain all accounting concepts n conventions in detail
i want to wearies heads under direct expenses and indirect expenses
Sir how the enter of GST adjust of sales return
Tell me why did you select accounting as your profession?
What is the general net worth percentage banks will observe while sanctioning the Loans for Tranding, Construction and Manufacturing units.
difition of reserve & surplus
entry for cash received from debtors
SHADOW BALANCE SHEET
Tell me which accounting application you prefer most and why?
What does the investment of personal assets by the owner will do?
What is a business transaction in accounting?
Explain which account is responsible for interest payable?
bookkeeping, and accountancy,purchase procedure , Educational institutions ;, secretarial practices, Administratire and Academic rules and regulations in Government offices, Academic institutional , computer skils. etc
as per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary
A motor car purchased on 1 apr 10 worth rs 10000 taking a loan from bank of rs 8000. Emi will b 500 pm inclusive of interest rs 100 pm.all repayments are done by bank overdraft. Prepase bshEet & P&L as at 31 mar 10