Acc for sole proprietor

Accountancy

Can't understand 4th and sixth adjustment

SRIHARI K U [XI-D]

CA Inter

★ 4K+

29-Nov-23 23:29

523

Answers (3)

Free sample /advertisment will not form part sales in trading a/c ..so it shall either deduct from purchases or credited to trading just to balance both purchase and sales

Shrikant

CA Inter

★ 1K+

30-Nov-23 13:43

O.D secured against 80% value of the stock and 20%is the margin..so the 80%of the value of stock allowed to draw as O.D

Shrikant

CA Inter

★ 1K+

30-Nov-23 13:46

Shared from *1FIN by Indigolearn* Final accounts How to calculate closing stock which is given in 6 adjustment. https://1fin.page.link/8SiQwRbX5xU3AvoK9

CA Suraj Lakhotia

Admin

04-Dec-23 15:39