Interested to Buy Any Domain ? << Click Here >> for more details...
how we do calculate of closing stock for company. what is the process of
calculation of closing stock.
- 2 Answers
- 6450 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
what is share application money pending allotment?
how to calculate the per unit cost of production
what is bank aceleted?
if a sole proprietor pays his firms insurance policy , How it should treated in books of accounts? whether it should be treated as investment? or indirect expenses?or drawings?
What is tally and its features?
How to show Airticket Expense on Company's A/c as Company expense
Mention what is bank reconciliation?
what are the limitations of accounting conventions
In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/
In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.
Do you know what is the importance of team work in this position?
Under what type of account do the unearned revenues fall?
Define overhead in terms of accounting?
director wife expenses which entry
How can you explain the basic accounting equation?
