How do you calculate closing stock? Which important steps do
you take while valuation of closing stock.

Answer Posted / manish

closing stock = opening stock+ purchase+ direct expenses- sale

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell me what are the three factors that can affect your cash flow and business profitability?

589


What is control in accounting?

581


we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?

1478


what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.

3414


what is miscellaneous expenditure??

4955






What are control ledgers? What are the purposes of maintaining it?

637


Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?

1422


How will service tax & excise be charged?

646


What do you mean by Bill of Exchnage.How to manage ? Explain

1509


Explain what is involved in the process of double-entry accounting?

1861


What is the entry for closing stock value reduction?

2101


Explain what a deferred asset is and give an example?

632


i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.

1431


Explain which accounting application you prefer most and why?

583


Tell me what is your track record for consistently achieving your targets?

767