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can anyone send me double entry for stock provision ? Provision amount is 200,000. further stock is over valued by 100,000 what will be the accounting entry for over valuation of stock. Early response will be of immmmmense help for me:o
My mother passed away and I found three stock certificates for some Sears, Dean Witter Discover, and Morgan Stanley and I was wondering how I could find out what they are worth and how to cash them in. The Sears stock certificate was purchased on May 9, 1988 for 8 shares and the Dean Witter is for...
The question given to me are is as below "In times of rising prices would you reccomend fifo or lifo method?Why" The answer I have is lifo will be used as it will tend to give a more realistic measure of profit but results in an outdated stock valuation being disclosed in the balance sheet. ...
Mary Smith commenced trading on 1 September 20x9 as adistributor of the straight cut garden lawn mower, a relatively new product which is now becoming increasingly popular. Upon commencing trading, mary transferred $7,000 from her personal savings to open a business bank account. Mary purchases...
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