here share ur opinions guyzzz..........
Need to identify the nature of each transaction like , fixed asset balance sheet item, or expense account profit & loss item.
stock at the end was provided because it was not sold (or whatever) during that financial year, so the remaining stock was calculated and will be added to the next financial year
2. Stock at the end is provided because it was not sold during that financial year 2012-13, so the Closing Stock calculated and will be added to the next financial year 2013-14.........
plz help me
plz send soluti. firstname.lastname@example.org
plz send solution email@example.com
Req .1= For the purpose of financial reporting the stock at the end was provided which was not calculated because it was not sold during that financial year, so we calculated the remaining stock and this stock will be added to next financial year .
Req . 2= According to my point of view ,in accounting treatment the stock of trading account which mention above and the stock ta june 30 2013. Was valued at rs. 72000 is belong to the profit and loss account. So these two balances should be treated as a p/L Accountr.
What You Think Guyz About This Ans ????
M I Ri8 ???
Anyone can tell me that how to write the answer of question no.1?
i meant just in the boxes of given chart/table or to write separately? plz help me...
Its written clearly on gdb to write ans in same format/ table :)