How do u calculate closing stock in training account?
Answer Posted / shweta
COGS- OPENING STOCK - PURCHASES = CLOSING STOCK
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I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.
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