ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4360)
Question
How to calculate the closing stock value ?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
closing stock = opening stock + purchase of this period-
sales in this period = closing stock raw material value +
closing stock finishing material vlue.
 
Is This Answer Correct ?    130 Yes 41 No
Lalit
 
Answer
# 2
There are 3 methods are used for calculation
closing stock value

A) FIFO:- FIRST IN FIRST OUT (APPLIED IN OUR COMPANY)
B) LIFO:- LAST IN FIRST OUT
C) WEIGHTED AVG:- TOTAL CLOSING STOCK QTY MULTIPLY
WITH LAST PURCHASE RATE.
 
Is This Answer Correct ?    66 Yes 30 No
Ajay
 
 
 
Answer
# 3
# 1

closing stock = opening stock + purchase of this period-
sales in this period = closing stock raw material value +
closing stock finishing material vlue.

There are 3 methods are used for calculation
closing stock value

A) FIFO:- FIRST IN FIRST OUT (APPLIED IN OUR COMPANY)
B) LIFO:- LAST IN FIRST OUT
C) WEIGHTED AVG:- TOTAL CLOSING STOCK QTY MULTIPLY
WITH LAST PURCHASE RATE.
 
Is This Answer Correct ?    39 Yes 18 No
Srikanth Reddy
 
Answer
# 4
Closing Stock = Opening Stock + Purchase +
Freight(inward)and related exp. to production - sales of the
period.

and closing stock should be take as per market value which
the lower cost.
 
Is This Answer Correct ?    26 Yes 13 No
Kondaiah
 
Answer
# 5
Opening Stock + purchase -sales = closing stock 
Is This Answer Correct ?    26 Yes 13 No
Faisal
 
Answer
# 6
CLOSING STOCK=OPENING STOCK + PURCHASE + DIRECT EXPENSES + GROSS PROFIT - SALES 
Is This Answer Correct ?    23 Yes 10 No
Bibs
 
Answer
# 7
opening stock + purchase + direct expenses + gross profit -
sales
 
Is This Answer Correct ?    21 Yes 9 No
Lokes
 
Answer
# 8
closing stock=opening stock + purchases+ dirct exp - cogs 
Is This Answer Correct ?    20 Yes 16 No
Seaa
 
Answer
# 9
CLOSING STOCK = OPENING STOCK+PURCHASE+DIRECT EXP.+ G.P-SALES 
Is This Answer Correct ?    0 Yes 0 No
Sandeep Pal
 
Answer
# 10
ppp 
Is This Answer Correct ?    7 Yes 11 No
:p
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
Can anybody tell me about the liability positions of 1.Sole trader 2.Partnership 3.Pvt ltd co 4.Public ltd co   2
What is the meaning of Contingent Liability? Where is it shown in the Balance Sheet? Thomson 4
What is the Journal entry if a Demand Draft is taken by Company B on behalf of Company A? Company B has it's A/c with Bank X. Company A has it's A/c with Bank Y.   4
what is reconciliation ?   2
Agreement of Trial Balance is not a conclusive proof of absence of Errors. Will you support me   6
What is intra Company transactions? With an example IBM 2
what is meant by bridge finance Capital-IQ 2
Profit is a asset or liability to the company....? If is it a asset or liability....how it is....? xerox 2
what is difference between fund flow and cash flow NEC 2
If a company is in loss, should it require to pay salary to their employees. If yes, how?   1
How baddebts received effects in trial balance and balancesheet   1
concepts of accounting Genpact 5
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com