where should the closing stock amt will effect in p & l &
in b/s
- 8 Answers
- 12022 Views
- Google, I also Faced
- E-Mail Answers
Answer Posted / rajesh
Closing stock is generally related to manufacturing /
trading entity. Normally, it appears as last item on the
credit side of trading account. In the balance sheet, it
appears under the group "Current Assets, Loans & Advances".
Closing stock may be of raw materials, work-in-progress,
stores, spares, consumables, finished goods.
| Is This Answer Correct ? | 5 Yes | 0 No |
Post New Answer View All Answers
Were i have to enter for agreements in tally and in which ledger it will come
what is the accounting treatment in tally of free goods received with goods purchased.
plz can some one tel me "The concept of stock holder's equity and paid in capital".
What are negative postings?What are Credit memos ?Payment Requests ?
What is the revenue recognition principle?
how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.
What is royalty reserve?
which chart of depreciation copy for our Indian companies in sap(fi-aa)? please give answer. Thanking you, mohan
what is the performa of bank reconcilation ? i want to need it and also i want to know about tds entry for various sources such as rent,contractor, commission, etc. and how we make the tds return, please tell me its very urgent?
How do I charge bank charges on payments to clients
Do you know in accounting, vat abbreviates what?
Tell me what is gaap?
8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.
all ques. related to accounts?
My company sent this party goods 62750 this goods is loss sundorbhan paribahan. how to create voucher
