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Calculation of closing Stock give example?
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Answer Posted / prasad
For Trading Com.:
Closing Stock=Opening Stock+Net Purchases+Direct
Expences+Gross profit(" "%on Net Sales)-Net Sales-Direct
Incomes.
Calculating Gross profit :
for Example Tyres trading co.we can take average 5% on net
sales.
| Is This Answer Correct ? | 166 Yes | 53 No |
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