Interested to Buy Any Domain ? << Click Here >> for more details...
Why we show always closing stock in credit?
- 8 Answers
- 31293 Views
- FactSet Systems, I also Faced
- E-Mail Answers
Answer Posted / sudeep
Closing stock is the balance of our raw material at the at
of the year which have to carry forward to the next year,
so closing stock is asset for the our firm that why we put
the entry goes to trading account
credit side and other effect goes to balance sheet asset
side
| Is This Answer Correct ? | 38 Yes | 17 No |
Post New Answer View All Answers
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.
WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?
What is the distinction between cost accounting and management accounting?
What is diffrence Between GPF and EPF?.. can anybody explain..?
what is the difference b/w gain and profit?
what is the due date of 28th feb
Tell me different branches of accounting?
How Adjust The Amount Taken By Partners For Personal Use? Is The Entry For Drawings? Even If The Amt Exceed 5 Lakhs Or As Partners Loan If Its Not Recovered Even After 1 Year? Discribe All.
are tpt, freight & packing charges part of sales & purchase ??
Where a cash discount should be recorded in a journal entry?
What is purchase returns accounting
Please help me in this entries Pass accounting entries for the following transaction in the books of XYZ company. A rendered professional service to company XYZ and sent an invoice dated 01/01/2016 for Rs 1,00,000/- + service tax Q1. Pass journal entry for the invoice received considering the service tax and TDS. Q2. Payment was made on 01/02/2016 by cheque. Pass payment entry.
Tell me what do you think is bank reconciliation statement?
Where do we create House banks and what is the process in sap fico
At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.
