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after adjusting the amounts accountant of the company
prepares which accounts??
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Answer Posted / amit
only one account that is suspense account,which is prepared
to transfer the suspected amount which has not specified by
the nature of accounts
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duties of bank finance manager
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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?
