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journal entry
provision for closing stock of the firm
Replies (8)
entry for stock reserve is
profit and loss A/c. Dr.
To provision for closing stock
profit and loss A/c. Dr.
To provision for closing stock
Why we need to make provision?
Valuation itself at cost or NRV which ever is less only
Valuation itself at cost or NRV which ever is less only
if unrealized profit existed under closing stock, then adjustment entry requires.
this kind of situations may arise, when inter departmental or inter branch transfer of goods
this kind of situations may arise, when inter departmental or inter branch transfer of goods
sir if we pay or receive advance rent for 3 month 15000( 5000pm), what is journal entry and adjestmet .
bank a/c. Dr.
to rent received in advance a/c
to rent received in advance a/c
sir adjustment entry
can you elaborate your query???
How to calculate the depriciation of assests with repair
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