Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
 Did you received any Funny E-Mails from your Friends and like to share with rest of our friends? Yeah!! you can post that stuff   HERE

 Categories  >>  Accounting  >>  Accounting AllOther

 Audit Interview Questions CompanyAffairs CS Interview Questions Taxation Interview Questions Accounting General Interview Questions Accounting AllOther Interview Questions
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 ?
# 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 ? 126 Yes 39 No
Lalit

Re: How to calculate the closing stock value ?
# 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 ? 63 Yes 29 No
Ajay

Re: How to calculate the closing stock value ?
# 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 ? 37 Yes 18 No
Srikanth Reddy

Re: How to calculate the closing stock value ?
# 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 ?
# 5
closing stock=opening stock + purchases+ dirct exp - cogs
 Is This Answer Correct ? 19 Yes 15 No
Seaa

Re: How to calculate the closing stock value ?
# 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 ?
# 7
Opening Stock + purchase -sales = closing stock
 Is This Answer Correct ? 24 Yes 13 No
Faisal

Re: How to calculate the closing stock value ?
# 8
opening stock+Purchase-sales= closing stock
 Is This Answer Correct ? 8 Yes 16 No
Faizul Hasan

Re: How to calculate the closing stock value ?
# 9
CLOSING STOCK=OPENING STOCK + PURCHASE + DIRECT EXPENSES + GROSS PROFIT - SALES
 Is This Answer Correct ? 21 Yes 10 No
Bibs

Re: How to calculate the closing stock value ?
# 10
ppp
 Is This Answer Correct ? 5 Yes 10 No
:p

  Question Asked @ Answers Other Accounting AllOther Interview Questions Expand ------SFO 1 What is the latest ralte of TDS on contractors or professional ? 6 1.In SAP T-code MIR 44 is used for what purpose? 2. What are the entires for Depreciation? 3.Trade discount comes under; a.trading account b.P/L account c. balance sheet 4. T- code F-44 is used to reverse po entry? Cap-Gemini 2 What is shadow balance? 2 EXPAND_________SFI 1 expand B R S 3 what is current ratio and how it is calculated 1 Expand ________GDP 1 Expand F I E 1 expand I T A T 2 what is the meaning of P/V Ratio? GIC 24 What is the Accountancy ? Give the Answer in one sentence. 12 For more Accounting AllOther Interview Questions Click Here