Interested to Buy Any Domain ? << Click Here >> for more details...
1. How do we calculate the Closing Stock ?
2. How many types methods are used for calculating closing
stock ?
- 2 Answers
- 7158 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ajit khaware
Q1. Opening Stock +Purchased for the period-sales for the
period= closing stock
| Is This Answer Correct ? | 25 Yes | 5 No |
Answer / ajay
There are 3 methods are used for calculation
closing stock value
A) FIFO:- FIRST IN FIRST OUT
B) LIFO:- LAST IN FIRST OUT
C) WEIGHTED AVG:- TOTAL CLOSING STOCK QTY MULTIPLY
WITH LAST PURCHASE RATE.
| Is This Answer Correct ? | 17 Yes | 4 No |
What is journal entry of opening stock?
what is the difference between share and debenture
types of mutual funds?
what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.
what is aspects of taxation?
what is the step in preparing the schedule of audit? can someone explain for me?
What is MEan By Sundry?
What is Petty Cash Book?
How many accounting standards in india
90 Answers Ashok Leyland, Banking, dscl, Genpact, HSBC, IndiaCom, ITC Infotech, Leighton, MBA, Ramaniyam Real Estates, Shriram, SKA, SVSM,
a companys assets minus its liabilities is
Difference betwen debentures and bonds
30 Answers ICICI, KSK Academy,
EXPAND_________SFIO
Audit 
