Answer / gaurav bhatia

For the purpose of calculating the cost of goods sold we
use Opening stock +Purchases+Direct Expenses-Closing Stock
that is the reason we shows Closing stock in the credit
side of Trading account also for calculating the exact
gross profit it should be shown on the credit side because
it is the part of that purchases which is left out ( not
sold)

Answer / mougal

the calculate purpose of closeing stock how mach consumed
stock of rawmetrial

Answer / yeluri krishnaprasad

it is necessory for calculating ascertain cost of goods sold.it is the remaining goods of the company.so it is
treated as asset

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