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Calculation of closing Stock give example?
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Answer / manjul pandey
CLOSING STOCK=opening stock+purchase+direct expenses+sales return+gross profit-sale-purchase return
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Answer / diwas sharma
opening stock + purchase - sale + direct expenses + gross profit - direct income = closing stock
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Answer / pavan kumar
opening stock+purchases+direct expenses+gross profit-sales=closing stock
| Is This Answer Correct ? | 3 Yes | 4 No |
Answer / vikas deokar
Closing Stock = Opening Stock + Purchase - Purchase Return - Sales - Sales Return
| Is This Answer Correct ? | 4 Yes | 8 No |
Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
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