Interested to Buy Any Domain ? << Click Here >> for more details...
The following are the transactions with respect to goods
traded by Gopal-
i) Purchased goods worth Rs.50,000 on 1-1-2005 for cash
ii) Sold goods costing Rs.20,000 for Rs.30,000 on cash
iii) Bought goods Rs.45,000 from Suresh & Co on credit
iv) Paid Rs.30,000 to Suresh who gave us a discount of Rs1,000
v) Sold goods Rs.23,000 but their cost is Rs.12,000 for cash
vi) Sold goods to Gangadhar for Rs12,000 on credit,(cost Rs
9000)
vii) Received cash from Gangadhar Rs.11,500 in full settlement.
viii) Paid carriage charges on the goods purchased Rs.2,000.
Find out the closing stock as on 31 -1-2005. Also, find how
much is still due to Suresh?
- 14 Answers
- 19802 Views
- ICA, I also Faced
- E-Mail Answers
Answer Posted / arju
Hello,
Someone pls reply.
Please at least tell me how to find the closing stock?
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock
Differentiate accounting and auditing?
Hello sir, i am assistent executive in partnership firm.i learn't tds return, sales tax return, service tax return and all accounting entry,reconciliation with customer & supplier.BRS. please guide me for more knowledgeble sectore in account. hense i reach become a good position in account sectore.
When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?
what is penaultimate sale
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
how intangible assets are entered in B/s. plz send me the answer of this question in my e-mailid-prabhatsingh873@gmail.com
Tell me how many types of business transactions are there in accounting?
what is the difference b/w gain and profit?
Cash bill of sale so the company can deduct the amount.
lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples
Tell me what is an over accrual?
Hi wht r da questions which are mostly asked in an Accounts related job for freshers?
Capital secure should be shown in which side of the balance sheet?
Plant and machinery destroyed for 50000
