Q. Which of the following is false :

a.) The value of ending inventory under simple average price method is realistic.

b.) Usually profit or loss will not arise out of pricing the issues on the basis of average price method.

c.) The value of stock is shown on the asset side of balance sheet as fixed assets.

d.) Opening stock + Purchases - cost of goods sold is the value of closing stock.
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According to the answer given by study material, - a, b & d are false but I have the following views:

1. option d is correct.
2. option c is false.

Pls resolve the query and explain with reasons.

Regards

Pradeep Goyal

dear sir/ma'am
my ques relates to fund flow statement,its regarding the treatment
of TRADE INVESTMENTS
in the que following info. are given:
op bal of trade investment=Rs105000
cl bal of trade investment=Rs40000
as per income statement gain on sale of investment=R6400
is there any treatment of these adjustment to be done in ADJUSTED P& L A/C, FUND FLOW STATEMENT??

thanks
vijeta verma
pcc student

Please tell me about this suituation for Exchange rate ?
In the present suitutaion for my business that i have paid to supplier for advance payment of 20% of total amount.

And 80% has paid after 1 months.
please resolved my this query
20% paid on Rs. 49 $
and 80% on rs. 50 $
And also goods are also received when 80% is paid. so in this transaction what is the exchange rate different created on which date?

Dear Experts,


is it possible to prepare a cash flow from a Trial balance which is in final shape instead of Balance sheet.

kindly give a advise in detail if possible or if not


Regards
Ravinder

Dear Sir,

Can you please send the detailed step wise guide for Consolidation of Accounts of Holding & Subsidiary, involving calculation method for Minority Interest, Goodwill, Unrealised Profit etc.

Regards,

MK

Dear experts

Could you please explain in simple words what is reversal of DTA/DTL?

Thank you

i want to know, what is the procesure of coasting and M I S Report

I WANT TO KNOW, WHAT IS THE OROCESURE OF COSTING AND M I S REPORT

Can long-term investments be revalued?

Dear Sir/Madam

I am entering In Tally 9
Of TDS and pyment made to agency like this

Salary paid to kenocis ltd agency Rs 50000 TDS Deducted Rs 1030

first Journl Vocher entery
Contract Salary A/c Dr 50000
To Kenocis Ltd 48970
To TDS Payable 1030

and Second Vocher Payment
Kenocis Ltd A/c Dr 48970
To Canara Bank 48970

nd when tds remited to bank payment vocher

TDS Payable A/c Dr 1030
To Cnara Bank a/c 1030

Plz Check Weather this enter is correct or suggest me