Interested to Buy Any Domain ? << Click Here >> for more details...
How to calculate the closing stock value ?
- 16 Answers
- 96116 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ravi
closing stock = ( opening stock + purchse ( all type relate mfg )+freight on purchase + mfg exp /cost of mfg +sales return )- (sales + purchase rtn )
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / sesha giri rao
if it is Raw material
Ope Balnce + Purchase- material issue to production= closing raw material
if it is finished goods
Ope balance + productiop - sales = closing finished goods.
in this closing balance =
we can apply 1. FIFO 2.LIFO 3.WEIGHTED AVERAGE METHOM
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / parmar hetal
Me ye formula use karti hu to bar bar wahi ek hi closing balance aa raha hai..
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / amit kumar tiwari
*Closing stock = opening stock purchase direct expenses gross profit - sales other income(bad debts)
*Cost of goods sold = opening stock total purchase direct expenses - closing stock
*Gross profit = total sales - cost of goods sold
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / faizul hasan
opening stock+Purchase-sales= closing stock
| Is This Answer Correct ? | 12 Yes | 18 No |
Who will be called as consignee
Can anyone mail journal entries for me? my Mail id rukmini@live.in
Please give me jounranl entry for following Paid on account Rs. 15000...
How many types depriciation we have?
16 Answers FactSet Systems, Genpact, Wattan Vani,
Sent debit note to Vijay traders for short supply of material Rs 4500/-Pass entry
Is the the invoice number and voucher no will be same most of the time or it should be same?
What is the content of purchase order? n content of voucher? what is the main use of voucher.
0 Answers CPF, GE, Sayaji Packaging,
Rectification entries.
Under the SORP, do you have to disclose fees received by a trustee for a professional service even if you have a charging clause in the Governing Document?
WHAT IS THE BASIC PRINCIPLE WHICH INFORMS THE HEALTH OF A COMPANY THROUGH ACCOUNTS
What is meant by consignment
What is the journal entry for credit purchases.
Audit 
