The Trial Balance of M/S Ram & Co,Shows chosing stock of
Rs,30000. It will be recorded in: - ..................
(a) Trading A/c; (b) Profit & Loss A/c; (c) Balance Sheet;
(d) Both (a) & (b)
- 4 Answers
- 5118 Views
- I also Faced
- E-Mail Answers
Answer Posted / sumit
First of all this Question asked is in a wrong way,
Closing stock never appears in Trial balance.
and Closing stock will be posted under Trading account Credit side and under the balance sheet it will come under Current asset first item as Stock to complete the double effect.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is cash clearing account
hai everybody... wish u all the best for those who got selected in sbi associate bank is anyone from coimbatore region attending on 27th may 2009.
Hello... i am looking jobs in investment banking, derivates and BRS and i apply nakuri,Timesjobs and monster. But i did not get the job. so if websites and ID. Please help me.. Thanking u...
how to calculate share values of a company.
when apply for ragistred in central excise no
Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,
What is a bad credit score?
how to entery pass in tally when items damage(items insured)and claim to insurance co.
Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?
What is revaluation of assets.when it occurs
Please explain a Representative Personal Account.
How do you handle lack of direction or working in chaos
Feature of Master letter of credit of Garments manufacturing company?
Do v call director in the partnership firm?
what is the difference between financial accouning and financial management?
