Should a profit and loss sheet also show current stock or is it lately sale and overheads?
Should the balance sheet merely show the stocks and creditors?Answers: Stock (inventory) is an current asset to the company and so should not appear on the P&L (Income Statement).
As an asset it should appear under the "Current Asset" heading of the Balance Sheet.
Hope that help
P&L shows Gross income, Expenses, & Net profit.
Balance sheet will show Assets, Liabilities, & Net worth.
balance sheet -
assets (accounts receivable, inventory on paw, prepayments, assets, petty cash etc.)
liability (accounts payable, mortgages, loans etc.
profit and loss
expenses
sales
depends because in attendance r 2 types of profit and loss sheets, one that does not show current stock just sale and expenses and one that takes into statement the inventory and purchases, depends if u r using a perpetual or periodic system
it pays deeply for me listening to my accounting don and helping my dad in his firm lol
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Opening and closing stock is a component of the TRADING ACCOUNT, which is module of the Profit & Loss Account. The entries for closing stock are credit stock account, debit be a foil for sheet.
Can someone assist me near this put somebody through the mill concerning ccjs and baliffs??
i built up quite a few thousand pounds worth of unsecured debt on my step dads house, i afterwards lost my job and couldnt verbs to pay so i stoped paying completely and moved away, i realise i must hold ccjs by now, i know the ballifs cant touch hes stuff to satisfie my debt, but what will they do subsequent?and also can they only turn to that address where the debt be registered and defaulted from,or can they verbs the debt to any property that i rent??
Answers: hi, the debt will remain a debt for 6 years from when you defaulted on the recompense.
A lot of people believe that the debt is at a dedicated address where as within fact, the debt is on your autograph not the address.
If the companies you owe money to have no other address for you then they will newly keep writing / ringing / visit the address you were surrounded by at the time. (your step dads)
if you have a sandbank account or anything else that you receive a monthly bill for contained by your step dads house, when you change your address next to these people it will not be long up to that time the people will start looking for you at your trial address.
It is worth checking to see if you have have a ccj yet as repeatedly this is not the case.
Also a ccj is not valid if you be not made aware of the proceedings against you.
(you would need to write and share the court) then they would sliver the ccj and the company would have to apply again.
if you really are within that much debt and you don't want it to follow you around there are other option, some of which are legal and others which are not (like the companies which volunteer to get you a complete tentative credit history)
so to answer your question, if they can find out what property you are renting consequently they will attempt to track you down at that address.
The debt is registered on you and not on a property.
Properties are not blacklisted, people are.
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Can I deposit cheque within ICICI ridge Dadar,if I own commentary surrounded by powai branch?
Is there any other procedure to deposit cheques address tomy ICICi bank information,like drop boxes
thx
Answers: As you right to be heard, u have an explanation in ICICI. Not simply can u deposit the cheque at and drop box, but you can directll credit your account from the nearest ICICI Branch. This is because of core bank , that is your picture can be operated from anywere contained by India...!! Now, that nice.!
You can deposit a cheque in your sandbank account, any where on earth.
You have to steep the pay-in-slip and provide necessary the whole story in that slip such as your picture number name date of deposit of cheque, amount within words and figures,
drawee bank's dub and branch the same slip you can
drop surrounded by the box alongwith that cheque. It will be cleared and amount will be credited in your narrative if otherwise in writ.