*Closing stock = opening stock purchase direct expenses gross profit

How to calculate the closing stock value ?

Question Posted / amit kumar tiwari

16 Answers
96257 Views
I also Faced
E-Mail Answers

Answer Posted / amit kumar tiwari

*Closing stock = opening stock purchase direct expenses gross profit - sales other income(bad debts)

*Cost of goods sold = opening stock total purchase direct expenses - closing stock

*Gross profit = total sales - cost of goods sold

Is This Answer Correct ?

0 Yes

1 No

Post New Answer View All Answers

Please Help Members By Posting Answers For Below Questions

Hi, Please post in here the Aptitude Test Questions given in companies like Thomson, Reuters, GMS, JP Morgan, Northern Trust Bank etc.

6665

What is Going Concern, What is Dual Entry , What is Business entity and what are the names of Stock exchanges and currency of some countries, stock market related questions, Exchange rates, Banks and other informations

2043

i want the steps involved in the customization for the process order. my situations is if i take the process order for x qty then stores people can issue only x qty not less or not more. how to do this. pls help me

1905

We are working as Merchant Exporter. My Question is can we Sale the products against 'H' Form to the Exporter after purchasing the material against 'C' Form? Or only Manufacturer can make sale against 'H' Form.

2027

can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?

2244

What is account

2229

what is meant by cash purchase?

1404

What are the accounting conventions and Practices?

2218

How can we calculate the total income of the company.

2042

Short Answer on ________Accounts Payables

1965

Expand SOIT

1912

Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.

2155

company's total overhead expense is containing which are the expenses? Definition of overhead expense.

2052

what is capital market and money market? what is primary market and secondary market?

2200

Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?

2215