Answer / h.r. sreepada bhagi

Calculation of Book Stock (Trading Company):
Opening Stock + Purchases - Purchase Returns - Cost of Goods
Sold = Closing Stock.

Calculation of Book Stock (Manufacturing Company):
Opening Stock + Purchases - Purchase Returns - Cost of
Materials used in manufacture = Closing Stock.

For finalisation of accounts & audit at the year end, take
physical stock & value it by applying unit rate to stock
quantity at cost or realisable value whichever is lower.

Generally there will be difference between the book value &
physical stock value & physical stock value arrived as above
should be taken in to P&L A/c & Balance Sheet.

Answer / parika

opening stock plus purchase less consumption of stock =
closing stock

Answer / umamaheshwara rao

opening stock + purchase - sales = closing stock

The Trial balance will show only the Opening Stock & Purchase for any given period, but for Profit and loss, we have to calucate the Opening + Purchase – Closing stock ?

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