calculate the closing stock:
if opening stock- rs.2327620 , purchase -23519280, direct
expenses-1335225, sale:- 24884412, direct income :-286371
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Answer Posted / rajaramarora
to caculate closing stock we should follow below formula :
Opening Stock (Material 10
Add : Purchases (Material 80
Add : Gross Profit (Profit)in percentage% 12 (20% of Sales
Less : Sales (Or Material Comsumed) 60
: Closing Stock 42
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