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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.
|Is This Answer Correct ?||33 Yes||4 No|
Answer / parika
opening stock plus purchase less consumption of stock =
|Is This Answer Correct ?||10 Yes||8 No|
Answer / umamaheshwara rao
opening stock + purchase - sales = closing stock
|Is This Answer Correct ?||8 Yes||20 No|
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