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

If we started new project of Housing with Construction linked payment plan . How can booked our revenue or Sales .

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in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?

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sir i want know how to fill vat return

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credit card expenses entry kisme pass karenge

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how to geting finished goods cost with included it's all BOM and all production order cost in sap?

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Explain what is account receivable?

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all GL Related Interview questions with answear

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Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.

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How do you prepare a balance sheet from a trial balance?

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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.

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dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?

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Explain the types of ledger?

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What are control ledgers? What are the purposes of maintaining it?

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Tell me what would you say are the most important qualities of an account manager?

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why i want to join Hawkins company

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