why should we treat closing stock credit side in trading
account , and why the reason the closing stock should not
appear in the trial balance ?
Answer Posted / mougal
the calculate purpose of closeing stock how mach consumed
stock of rawmetrial
Is This Answer Correct ? | 6 Yes | 7 No |
Post New Answer View All Answers
what is dmat charges?
What do you find most satisfying about this job?
Tell me what is the equation for acid-test ratio in accounting?
rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.
My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?
what will be the entry for inventory
why we multiply no. of purchasing year with average profit
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power
What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?
One Institute, after completion of course not issue any certificate to students, they issued certificate from other branded institute with cost (Kindly provide the term of this expenditure to appear in P&L a/c)
how can i settle the party ac with cr & dr
WHERE WE CAN USE VAT 5%,14.5%
in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity