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To perform double entry on stock provision, you'd record the company's transactions twice. Two of the accounts in the system will have this.
how to calculate provison for income tax
consignment stock left unsold : **** + proportionate consignor's expenses : **** + non-selling expenses : **** consignment stock : #### ----
Cost of sales = opening stock + purchases-closing stock Cost of sales = opening stock + purchases-closing stock
Total Sales + Closing Stock - Opening Stock - Goods Sent To Branch
How to reverse provision stock
A stock provision allows an allocation of a provisional value against a part or parts that represent the value that will eventually be written off using the standard stock adjustment processes. A stock provision can be set up to write off stock immediately.
In the P and L A/C calculate the percentage mentioned for provision for doubtful debts on sundry debtors and write the amount. This will be your new provision
To perform double entry on stock provision, you'd record the company's transactions twice. Two of the accounts in the system will have this.
how to calculate provison for income tax
what you have in stock, concerning food in particular. Provision
Stock turnover period = Closing stock x 365 / cost of sales
supply, provide for, stock, stuff, provision, arm, furnish, array, fit out, prepare
use a calculator!
consignment stock left unsold : **** + proportionate consignor's expenses : **** + non-selling expenses : **** consignment stock : #### ----
EOQ=if(Abc classification="dead stock,0,round(sqrt((2/annual forecast*order cost)/(avarage cost*inventory cost)),0))
Stock+debtors-creditors/sale