1. How do we calculate the Closing Stock ? 2. How many types methods are used f

1. How do we calculate the Closing Stock ?
2. How many types methods are used for calculating closing
stock ?

Question Posted / ajay

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1. How do we calculate the Closing Stock ? 2. How many types methods are used for calculating closi..

Answer / ajit khaware

Q1. Opening Stock +Purchased for the period-sales for the
period= closing stock

Is This Answer Correct ?

25 Yes

5 No

1. How do we calculate the Closing Stock ? 2. How many types methods are used for calculating closi..

Answer / ajay

There are 3 methods are used for calculation
closing stock value

A) FIFO:- FIRST IN FIRST OUT
B) LIFO:- LAST IN FIRST OUT
C) WEIGHTED AVG:- TOTAL CLOSING STOCK QTY MULTIPLY
WITH LAST PURCHASE RATE.

Is This Answer Correct ?

17 Yes

4 No

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