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Answer Posted / lakshmana kishore
An intangible asset that arises as a result of the acquisition of one company by another for a premium value.
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What is the treatment of Capital Work in Progress as per the International Accounting Standards.
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How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?
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In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
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Expand---------PDBC
