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what is Calculation of closing Stock?
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Answer / pravin.kamble425@gmail.com
Closing Stock = Opening Stock + Purchases - sales + Sales
Return - Purchase return + WIP.
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Answer / ms. deepa dhurate
Op.Stock+Purchases-Pur.return-Sales+sales ret=Closing Stock
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Answer / manojs
closing stock=opening stock+purchases+direct exp-sales
or
closing stock=sales-gross profit
i told wrong for both of them because for sales we deduct
sales return and write as sales after that deducting
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