how do you calculates closing stock in Trading A/c
Answers were Sorted based on User's Feedback
Answer / dharmendra.ch(mncherial)
to calculate closing stock fallowing step will be done
closing stock= opening stock +(purches-purchage return)
+direct expence(ex: wageslighting etc..)- net sales
|Is This Answer Correct ?||26 Yes||4 No|
Answer / dillip kumar dash
For Closing Stock we have to add Opening Stock in Purchased
Stock and then substract the Sales and damages. i.e.
Opening Stock + Purchases - Sales - Damages** = Closing Stock
**(in some case the damege wont come and adjust in Profit
and Loss Account and in some case it wont come into Account.
It will very by nature of business to business)
|Is This Answer Correct ?||11 Yes||5 No|
Answer / parthiban
opening stock+(purchase-returns)-net sales = closing stock
|Is This Answer Correct ?||3 Yes||2 No|
Answer / ankur singh
opening stock +purchase -purchase return+direct exp.(direct exp are those exp which we are paying at the time of purchase of row material.like wages,coal&fuel carriage inward etc).-sales -sales return=closing stock
|Is This Answer Correct ?||0 Yes||3 No|
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