User Account

All Pages

What will be the amount of opening stock

Assignment Help Accounting Basics
Reference no: EM132113288

Question - Following information is available relating to a manufacturing concern: Cost of Goods Sold Rs. 245,000 Purchases Rs. 250,000 Freight Inward Rs. 5,000 Closing Stock Rs. 25,000 What will be the amount of Opening Stock?

Rs. 15,000

Rs. 10,000

Rs. 25,000

Rs. 20,000

Reference no: EM132113288

Questions Cloud

What will be the amount of current liabilities : Long Term Liabilities Rs. 50,000, net profit during the year Rs. 15,000 and amount of total liabilities is Rs 175,000. What the amount of Current Liabilities
What are the advantages of the given method : Explain this with one of the non distribution methods( first come first served?) : Who receives the good or service from this distribution method?
Calculate the amount of conversion cost : A manufacturing concern has Raw material of worth Rs. 100,000, Direct Labor Rs. 75,000, Calculate the amount of Conversion cost
What are the challenges that the us economy will be faced : What are the challenges that the US economy will be faced with given a higher debt limit for future economic growth?
What will be the amount of opening stock : Cost of Goods Sold Rs. 245,000 Purchases Rs. 250,000 Freight Inward Rs. 5,000 Closing Stock Rs. 25,000 What will be the amount of Opening Stock
What is the difference between shares and debentures : What is the difference between shares and debentures as sources of finance? The response must be typed, single spaced.
Type of cloud computing : The application is hosted by a third party, and teachers access the application through their web browsers. This is an example of what type of cloud computing?
Explain the effect of the environmental movement : The Industrial Revolution, which began in the eighteenth century, has had an ongoing influence on society as well as the relationship between humans.
What cable do you use to connect similar devices : What cable do you use to connect similar devices? What scenario would you use a rollover cable?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Creating financial statements in excel

The following procedure is recommended when creating financial statements in Excel, in order to minimize error and make the statements easier to read when provided to others:

  Broussard company reported net income

Broussard Company reported net income of $2.9 million in 2014 Depreciation for the year was $504,000; account receivable increased $484,000; and accouts payable increased $284,000. Compute net cash flow from operating activities using the indirect..

  Find what is the minimum price stacy should accept

On the basis of the current value of the business, what is the minimum price Stacy should accept?

  Prepare the journal entries to record the given transactions

Exercise - Variable consideration - expected value; change in estimate. Prepare the journal entries to record the transactions above

  Calculate the annual depreciation expense

Calculate the annual depreciation expense for a straight-line approach, Calculate the depreciation each year doing a units of production approach

  Identifying letter of best description

In each blank next to the following terms, place the identifying letter of its best description.

  What is the theoretically correct way to measure

Bronson Distributors owes a supplier $100,000 on open account. The amount is payable in three months. What is the theoretically correct way to measure the reportable amount for this liability? In practice, how will it likely be reported? Why?

  Determine the monthly interest for the first month

For the loan in Problem, determine the monthly interest for the first and second months and the outstanding principal at the end of the first and second months.

  Impairment of fixed assets

Which of the following statements concerning the impairment of fixed assets is true under US GAAP?

  Discuss foreign currency transactions and hedging activities

Research your MNC and report on any accounting issues covered in this chapter related to foreign currency transactions and hedging activities

  Compute raspberry company''s pension expense for current year

Raspberry Company's actuary has computed its prior service cost to be $8,000,000. The company amortizes the prior service cost by the straight line method over the remaining 20 year service life of its active employees

  How might it impact your firm or company

Relate this topic to your current, List and define unfamiliar terms

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd