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How to calculate the closing stock value ?
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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
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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 |
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