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How do you calculate the provision for obsolete stocks?

How to reverse provision stock


What is stock provision?

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.


How do you do double entry on stock 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 do you calculate new provision for doubtful debts?

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


How you Calculate Provision for Income tax?

how to calculate provison for income tax


What does provisum mean?

what you have in stock, concerning food in particular. Provision


How do you calculate stock turnover period?

Stock turnover period = Closing stock x 365 / cost of sales


What is a synonym for equipment?

supply, provide for, stock, stuff, provision, arm, furnish, array, fit out, prepare


How do you calculate the concentration of a stock solution?

To calculate the concentration of a stock solution, divide the amount of solute by the volume of solvent, and then multiply by 100 to get the concentration in percent.


How can you calculate a current stock pricing?

use a calculator!


How do you calculate the consignment stock?

consignment stock left unsold : **** + proportionate consignor's expenses : **** + non-selling expenses : **** consignment stock : #### ----


What does vnds mean?

Very Near Dead Stock