Calculation of closing Stock give example?
Answers were Sorted based on User's Feedback
Answer / nitin kumar
Opening Stock +Purchase- Sales = closing Stock
Is This Answer Correct ? | 6 Yes | 1 No |
Answer / ronnie chowdhury
Closing stock = opening stock + purchase + g.p + expenses - sales - incomes
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / ashok choudhary nettra
opening stock+ purchases-purchase return -sale +sale return = closing stock
Is This Answer Correct ? | 9 Yes | 6 No |
Answer / umang budhwani
Closing stock= (opening stock total purchase)-(cost of goods sold)
Is This Answer Correct ? | 4 Yes | 1 No |
Answer / anmol sharma
opening stock +purchase-sales=closing stock
Is This Answer Correct ? | 10 Yes | 8 No |
Answer / shiv kumar
First we have to calculate Cost of goods Sold.
Purchase=72
Opening Closing=49
Total Cost of Material=121
Now we have to calculate -cost of goods sold.
let us that cost of goods sold is 95
Now Closing stock= total cost of material less cost of goods sold.
121 less 95=26
Answer is 26 closing stock.
Is This Answer Correct ? | 6 Yes | 4 No |
Answer / b.ganesh
(Opening stock+Purchase+sales return) - (sales-Purchase return) = closing stock.
Is This Answer Correct ? | 5 Yes | 3 No |
Answer / rable
closing stock= opening stock+Direct expenses+purchase+Gross profit - sale account.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / agc
closing stock = opening stock + purchase+direct expenses+ gp- sales
Is This Answer Correct ? | 2 Yes | 1 No |
Hello sir, i am assistent executive in partnership firm.i learn't tds return, sales tax return, service tax return and all accounting entry,reconciliation with customer & supplier.BRS. please guide me for more knowledgeble sectore in account. hense i reach become a good position in account sectore.
How to pass journal entry for payment of 20 % of outstanding income tax demand of AY 14- 15 of an company in the AY 18-19.
Why TDS not Deducted on Service tax amount of Rent.
Called-up capital ?
What is a ledger? What do you mean by ledger posting?
Which group shuold be for custom duty?
what is amortization?
how we can calculate sundry debtors and crditors a/c?show some examples
when re ordring quantity is 300 unit.minimum usage is 20unit minimum lead time is 5 days , maximum stock 400 unit , re - ordering will be: 1)300 unit 2)200 unit 3)400 unit 4)100 unit
what is secondary market?
My Books of Accounts started from January 2013, I have opening Bank Balance Rs.1000/- Owner says this amount paid by one client in December 2012 appear in bank statement What is Accounting entry for the Accounting 2013 ?
WHAT IS IRR,NPV AND AT WHICH RATE THE PRESENT VALUE IS CALCULATED