Interested to Buy Any Domain ? << Click Here >> for more details...
While closing books for the year end, We had Closing stock
which is inclusive of VAT(i.e Cost price + VAT), What is
the treatment of this Closing Stock in the P&L and BS , is
Closing Stock Shown Inclusive of VAT (ie. Cost price +VAT)
or, without VAT (ie. Cost Price)
- 5 Answers
- 11710 Views
- I also Faced
- E-Mail Answers
Answer Posted / akhil
Stock will show only on cost price (both in P&L AND B/S)
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Tell me what are things will not be included in bank reconciliation statement?
What is the Project Accounting in case of Real Estate or Construction Co`s ?
how will you adjust voluntary seperation payment in cash flow statement
What is the difference between perpetual & periodic inventory system?
AL+w button lanunches the .............. installed web brower
How Can We Differ Horizental & Vertical Balace Sheet? Explain.
what do you mean byrecoupment of shortworkings in royalty accounts
What is vendor?
Explain what is double-entry accounting? Explain with an example?
What are the accounting entries for branch accounts?
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
Mention what is bank reconciliation?
i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.
why you want to lecturer
Please note that all the question related to VAT is belongs to pune, maharashtra. waiting for quality reply.
