Explain the effect of closing stock on gross profit and net profit.
comment on the financial health of their business.
Answer Posted / lucky
When we purcahe then the Cloing stock against this purchase
increased so due to this its not effect on G/P as Per N/P
after issued and consumed this item Closing stock will be
decrease then G/P and N/Palso Decrease.
Is This Answer Correct ? | 9 Yes | 2 No |
Post New Answer View All Answers
post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.
How do you avoid loss situation
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
• What are the types of cash flows?
Is interest of a business unit Operating Expense or Non Operating Expense
Expand--------OTA
Expand------ARN
what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?
what are the type of cash flows?
Could u show me the sample TDS Document / Template
Expand-------ANTS
which name written in Tan application form Applicant is sole proprieter companies name or individual name?
how many schedules are there in accounting?
What are the types of journal categories available in the Oracle AP?
How do the standards assist the users of financial report?