What is the type of principal for CLOSING STOCK. and why we
show closing stock two time that is once in trading account
and another time in assets. if closing stock is Real
account than what about showing in trading account as we
dont show real account type in trading account. thanks
- 6 Answers
- 16339 Views
- DuPont, I also Faced
- E-Mail Answers
Answer Posted / anant singh
Found Few :-
Depreciation, Bed Debts, Reserves/Provisions, OutStandings,
Prepaid/Unexpired Exp.s, Unearned/Advance Incomes, Accrued
Income, Accurals, PrePayments, CLOSING-STOCK, Interest.s,
Reserves/Provisions for Discount on Dr./Cr.s(but NOT
Discount), Deferred Revenue Exp.
PLZ...
Correct MY Concept. if i did some BLUNDER.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is the importance of accounting standards?
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.
What is accounting for plant assets?
1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?
Differentiate accounting and auditing?
export sales contract and domestic sales contract? india's trade in commercial services?
Into which account do we close the revaluation account balance during the winding up of a company?
simply define shares and debentures
Sales Invoice 50000/- fully profit , management want profit for this year should be appear in P&L A/c and B/S 25000/- only and remaining 25000/- profit retain for the next year What will be JV for this year and next year?- Thank you
Describe a time when you have not met your goal?
Tell me in accounting, how do you define premises?
WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT
service tax calculated on agreement value or market value whichver is higher for builders?
What do you mean by ledger posting?
Capital secure should be shown in which side of the balance sheet?
