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
- 7053 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 the Branch Accountant Responsbilities ?
details about capital market and derivatives
Expand BEMS
expand D I N
what is diffference between retail invoice and tax invoice ?
What goals do you have in your career
0 Answers Amdocs, GSK GlaxoSmithKline, IBPS, JPMorgan Chase,
what is the difference between Tally ERP and SAP FI ECC?
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
Why Bank Reconciliation is required?Other reconciliation you do?
What is Depreciation and how is it different from amortization
5 Answers IBM, Thomson Reuters,
What is Free Cash?
what are accounting concepts?,what is the use of commerce?,what is accounting conversation?
Audit 
