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Calculation of closing Stock give example?
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Answer Posted / mani
What about tax???
I have opening stock of 72 lacs (average costing without
tax) and purchase of 49 lacs (with tax) and i did sales of
101 lacs (without tax). What is my closing stock then????
Should i add tax in closing stock?
Where all should tax be included and where all should tax
NOT be included?
Right now i calculated => 72+49-101 = 20 lacs. IS this correct?
| Is This Answer Correct ? | 41 Yes | 19 No |
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