08-02-2006, 07:38 AM
well...saad...u could say stock reserv account is the difference between the actual stock value and inoive value(when the consignment account is made on invoice values).by computing the difference between the orignal price and gross proftis margin(say 25% gross profit margin...then u will divide ---->total price(of closing st)/125 *25....this will simply give u the value u hav to incorporate in stock reserv account(welll finding it quite a bit difficult task to give u an e-teaching but all too often try to ma level).and dis period's closing will b the next yr's opening stock as well as the values of stock reserve account(as u would know).i know it would't b able to dat mch helpfull at all but ma communication level jss feels stifle here.khair u can ask nething and i could help u i will really b doinn dat.
i will personallly suggestt that if u are a std of ca jss do past papers and question no.7-i guess-14 of shuklaa....dat would b more dan enugh for u and will make u feel confident if u really know all the concepts of them,then.
i will personallly suggestt that if u are a std of ca jss do past papers and question no.7-i guess-14 of shuklaa....dat would b more dan enugh for u and will make u feel confident if u really know all the concepts of them,then.
