can u tell me what is the process of calculating closing
stock?
Answer Posted / job george
PHYSICALLY WE SHOULD VERIFY THE CLOSING STOCK AND SHOULD APPLY MARKET PRICE OR COST PRICE WHICHEVER IS LESS
Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher
which subsidiary book is source of these:debit note,credit slip,
if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
what is retention? how caculate on asset
Recent trends in Corporate Governence?
Tell me what do you think is bank reconciliation statement?
what is differnce between balance sheet of a bank & a company
Tell me do you think accounting standards are mandatory and why?
Tell us do you have any idea about service tax or excise?
What is a comprehensive income?
What is royalty reserve?
You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically
Tell me what do we mean by purchase return in accounting?
why accounting is important in business?