how we do calculate of closing stock for company. what is the process of
calculation of closing stock.
- 2 Answers
- 5295 Views
- NSL, I also Faced
- E-Mail Answers
Answer Posted / shirisha
WE HAVE 3 METHODS FOR CALCULATING THE CLOSING STOCK IN A
COMPANY THAT IS FIFO , LIFO AND WEIGHTED AVERAGE.NORMAL
CALCULATION IS closing stock = opening stock + purchase of
this period-
sales in this period = closing stock raw material value +
closing stock finishing material value. but in a company we
follow fifo that is first in first out method .
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
How calculate holding company account?
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
Do you know what is project implementation?
Do you think there is any difference between inactive and dormant accounts?
What is the marginal cost formula?
How can you explain the basic accounting equation?
When their is one pick point and four unloading places with in same district their is need to write four number of way biils
What are the differences between accounting and auditing?
Accounting Questions
You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
Why TDS not Deducted on Service tax amount of Rent.
what is the process of cenvat credit taken in service tax( in direct & indirect service)
cheque deposit is a contra entry?
I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?
