Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


How to calculate the closing stock value ?

Answers were Sorted based on User's Feedback



How to calculate the closing stock value ? ..

Answer / lalit

closing stock = opening stock + purchase of this period-
sales in this period = closing stock raw material value +
closing stock finishing material vlue.

Is This Answer Correct ?    161 Yes 61 No

How to calculate the closing stock value ? ..

Answer / ajay

There are 3 methods are used for calculation
closing stock value

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

Is This Answer Correct ?    87 Yes 41 No

How to calculate the closing stock value ? ..

Answer / faisal

Opening Stock + purchase -sales = closing stock

Is This Answer Correct ?    70 Yes 33 No

How to calculate the closing stock value ? ..

Answer / bibs

CLOSING STOCK=OPENING STOCK + PURCHASE + DIRECT EXPENSES + GROSS PROFIT - SALES

Is This Answer Correct ?    36 Yes 17 No

How to calculate the closing stock value ? ..

Answer / srikanth reddy

# 1

closing stock = opening stock + purchase of this period-
sales in this period = closing stock raw material value +
closing stock finishing material vlue.

There are 3 methods are used for calculation
closing stock value

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

Is This Answer Correct ?    46 Yes 28 No

How to calculate the closing stock value ? ..

Answer / kondaiah

Closing Stock = Opening Stock + Purchase +
Freight(inward)and related exp. to production - sales of the
period.

and closing stock should be take as per market value which
the lower cost.

Is This Answer Correct ?    39 Yes 21 No

How to calculate the closing stock value ? ..

Answer / lokes

opening stock + purchase + direct expenses + gross profit -
sales

Is This Answer Correct ?    33 Yes 16 No

How to calculate the closing stock value ? ..

Answer / sandeep pal

CLOSING STOCK = OPENING STOCK+PURCHASE+DIRECT EXP.+ G.P-SALES

Is This Answer Correct ?    10 Yes 4 No

How to calculate the closing stock value ? ..

Answer / seaa

closing stock=opening stock + purchases+ dirct exp - cogs

Is This Answer Correct ?    28 Yes 23 No

How to calculate the closing stock value ? ..

Answer / s.k

Closing Stock = Opening stock
add:Gross purchase in this period
Purchase return in this period
Direct Expenses in this period

Less: Total sale

Is This Answer Correct ?    2 Yes 2 No

Post New Answer

More Accounting AllOther Interview Questions

WHAT IS MEANT BY FACTORING, TRESURY BILLS,BULLS, BEARS

0 Answers   Unisys,


We have two mandatory qualifiers nature of accounts and balancing segment, which will balance the debit and credit and recognize the nature of accounts, my question is what other qualifiers do. Like management. Thank you.

0 Answers  


dada proposed to start a business. He had only N10,000 which was not enough to start the business, he got a loan of N10,000 from his bank

2 Answers  


Expand--------ACRD

1 Answers  


what is corporate accounting?

0 Answers   Wipro,


what is the difference between GATT & WTO

2 Answers  


Realization concepts of revenue?

1 Answers  


expand G P F

3 Answers  


i engaged with the accounts of manufacturing concern, i have a question when we purchased a fixed assets and after this we put the fuel in this for trial then this fuel is our also capital exp

1 Answers  


what is the use of activity based costing, process costing, product costing, what are the steps followed for the same

1 Answers   Bosch,


Short Answer on _________________City Compensatory allowance

0 Answers  


EXPAND______________HDTV

1 Answers  


Categories