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 (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1892)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
How to calculate the closing stock value ?
 Question Submitted By :: Ajay
I also faced this Question!!     Rank Answer Posted By  
 
  Re: How to calculate the closing stock value ?
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 ?    128 Yes 40 No
Lalit
 
  Re: How to calculate the closing stock value ?
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 ?    64 Yes 29 No
Ajay
 
 
 
  Re: How to calculate the closing stock value ?
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 ?    38 Yes 18 No
Srikanth Reddy
 
  Re: How to calculate the closing stock value ?
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 ?    25 Yes 13 No
Kondaiah
 
  Re: How to calculate the closing stock value ?
Answer
# 5
closing stock=opening stock + purchases+ dirct exp - cogs 
Is This Answer Correct ?    20 Yes 15 No
Seaa
 
  Re: How to calculate the closing stock value ?
Answer
# 6
opening stock + purchase + direct expenses + gross profit -
sales
 
Is This Answer Correct ?    20 Yes 9 No
Lokes
 
  Re: How to calculate the closing stock value ?
Answer
# 7
Opening Stock + purchase -sales = closing stock 
Is This Answer Correct ?    25 Yes 13 No
Faisal
 
  Re: How to calculate the closing stock value ?
Answer
# 8
opening stock+Purchase-sales= closing stock 
Is This Answer Correct ?    9 Yes 16 No
Faizul Hasan
 
  Re: How to calculate the closing stock value ?
Answer
# 9
CLOSING STOCK=OPENING STOCK + PURCHASE + DIRECT EXPENSES + GROSS PROFIT - SALES 
Is This Answer Correct ?    22 Yes 10 No
Bibs
 
  Re: How to calculate the closing stock value ?
Answer
# 10
ppp 
Is This Answer Correct ?    6 Yes 11 No
:p
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
What is the difference between Direct expenses and Indirect expenses? FIC 31
what are the questions put-up on interview in the field of finance operations work ?   1
What is difference between traveling and conveyance? GMC 1
EXPAND_________SEBI   4
Expand PETL   1
WHAT IS MEAN BY SHARE & DEBENTURE? WHAT IS THE DIFFERENCE BETWEEN THEM? ABC 22
nav , npv RRDonnelley 2
If a company is in loss, should it require to pay salary to their employees. If yes, how?   1
Any two difference of Trading and Profit and loss A/c Syntel 6
why the loss by fire taking in to the credit side of the trading a/c.instead of this is company's loss?   2
define current assets? asked on 30/7/09 FactSet 8
Where we have to take the Director's current account, wages a/c, Accruals, sales tax payable in Balancesheet   1
 
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