how we do calculate of closing stock for company. what is the process of
calculation of closing stock.
- 2 Answers
- 5298 Views
- NSL, I also Faced
- E-Mail Answers
Answer Posted / manojs
inventory is calculated at the lower of cost or net
realisable value
process:fifo assumes goods bought first are sold
first. so after your sale the remaining goods are closing
inventory
2.lifo assumes the latest goods are sold first and
remaining would be your closing stock
| Is This Answer Correct ? | 8 Yes | 0 No |
Post New Answer View All Answers
Explain me have you ever heard about tds, what it is?
WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY
Is financial accounting necessary?
What is the purpose of a balance sheet?
How much mathematics knowledge is necessary or required in accounting?
Dillution effect on EPS
export sales contract and domestic sales contract? india's trade in commercial services?
how to see reoprt of miro booking in SAP FI
Mr. A purchased a machinery costing Rs. 1,00,000 on 1st October, 2005. Transportation and installation charges were incurred amounting Rs. 10,000 and Rs. 4,000 respectively. Dismantling charges of the old machine in place of which new machine was purchased amounted Rs. 10,000. Market value of the machine was estimated at Rs. 1,20,000 on 31st March 2006. While finalising the annual accounts, A values the machinery at Rs. 1,20,000 in his books. Which of the following concepts was violated by A? (a) Cost concept (b) Matching concept (c) Realisation concept (d) Periodicity concept.
what are your current financial and accounting projects? What is your role?
Differentiate accounting and auditing?
how to enter the tender refund amount in tally ?
What are the advantages of computer accounting over paper accounting?
cash credit taken from bank then what is the general entry?
I have 4 four category of emplies say Admn/Markting/Procurment/Production and the employees of thee category have there bank accounts in 5 or six different banks. How can i generate Payroll advice for the employees having account in A Or B OR C Or D falling under above category
