Interested to Buy Any Domain ? << Click Here >> for more details...
How to calculate the closing stock value ?
- 16 Answers
- 96212 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / lalit
closing stock = opening stock + purchase of this period-
sales in this period = closing stock raw material value +
closing stock finishing material vlue.
| Is This Answer Correct ? | 161 Yes | 61 No |
Answer / bibs
CLOSING STOCK=OPENING STOCK + PURCHASE + DIRECT EXPENSES + GROSS PROFIT - SALES
| Is This Answer Correct ? | 36 Yes | 17 No |
Answer / srikanth reddy
# 1
closing stock = opening stock + purchase of this period-
sales in this period = closing stock raw material value +
closing stock finishing material vlue.
There are 3 methods are used for calculation
closing stock value
A) FIFO:- FIRST IN FIRST OUT (APPLIED IN OUR COMPANY)
B) LIFO:- LAST IN FIRST OUT
C) WEIGHTED AVG:- TOTAL CLOSING STOCK QTY MULTIPLY
WITH LAST PURCHASE RATE.
| Is This Answer Correct ? | 46 Yes | 28 No |
Answer / kondaiah
Closing Stock = Opening Stock + Purchase +
Freight(inward)and related exp. to production - sales of the
period.
and closing stock should be take as per market value which
the lower cost.
| Is This Answer Correct ? | 39 Yes | 21 No |
Answer / lokes
opening stock + purchase + direct expenses + gross profit -
sales
| Is This Answer Correct ? | 33 Yes | 16 No |
Answer / sandeep pal
CLOSING STOCK = OPENING STOCK+PURCHASE+DIRECT EXP.+ G.P-SALES
| Is This Answer Correct ? | 10 Yes | 4 No |
Answer / seaa
closing stock=opening stock + purchases+ dirct exp - cogs
| Is This Answer Correct ? | 28 Yes | 23 No |
Answer / s.k
Closing Stock = Opening stock
add:Gross purchase in this period
Purchase return in this period
Direct Expenses in this period
Less: Total sale
| Is This Answer Correct ? | 2 Yes | 2 No |
Golden rules of accounting
369 Answers Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS,
how to a/c in all bank passbook entry in tally erp 9 and all bank passbook short form informetion
what is the journal?
how to calculate BEP in this problem? Sales Rs.3,00,000 Fixed Exp. Rs. 75,000 Direct Material.Rs.1,00,000 Direct Labour Rs.60,000 Direct exp. RSs.40,000
what is merchant banking ?
what is diff between accrued and Outstanding Account?
how to calculate share values of a company.
can anybody describe about the accounts and financ ? what is difference between that , thanks in advance gurus
What is the new name for Stock exchanges ? (recently)
We are an educational institution head office in chennai. We don't have Tin Nos. Sales Tax nos, and CST Nos. we have only Service tax nos. if i purchase a computer in chennai and i transfer it to our institute which is in bangalore.Is it possible. what are the documents required for this.
what is authorised capitla and subscribed capital
14 Answers ANZ, Capital IQ, Insurance,
Give me the asset revaluation (at the time of asset value increase & decrease) journal entrys?
Audit 
