Final Account 3

Closing stock appears how many times in final account

• 1

• 2

• 3

• 4

Example for direct expenses

• Carriages inwards

• Carriage outwards

• Taxes

• Salaries

Example for indirect expenses

• Coal power fuel

• Wages

• Salaries

• Installation expenses

Wages are

• Factory expenses

• admin expenses

• Selling and distribution expenses

• Nota

Fixed assets are

• Short term

• long term

• Midterm

• Nota

Sales + closing stock - direct expense is equal to

• Net profit

• Gross profit

• Short term profit

• Long term profit

Gross profit - admin and selling and distribution and indirect expense is equal to

• Net profit

• Gross profit

• Income

• Nota

Taxes are calculated before and after gross profit

• After

• Before

Depreciation is calculated on

• Assets

• Liabilities

• Incomes

• Expenses