1.

Journal Entry for stock in hand

Answer»

We arrive at the gross PROFIT after considering STOCK,cost of good sold,sales,PURCHASE,all direct and unavoidable EXPENSES...So it is moreover like a transfer entry.. The Entry will be...

Closing stock a/c Dr. xxxx

To Trading a/c xxxx

(Being closing stock transfered to the trading account)



Discussion

No Comment Found

Related InterviewSolutions