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How to calculate the closing stock value ?
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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 |
Answer / bibs
CLOSING STOCK=OPENING STOCK + PURCHASE + DIRECT EXPENSES + GROSS PROFIT - SALES
| Is This Answer Correct ? | 36 Yes | 17 No |
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 |
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 |
Answer / lokes
opening stock + purchase + direct expenses + gross profit -
sales
| Is This Answer Correct ? | 33 Yes | 16 No |
Answer / sandeep pal
CLOSING STOCK = OPENING STOCK+PURCHASE+DIRECT EXP.+ G.P-SALES
| Is This Answer Correct ? | 10 Yes | 4 No |
Answer / seaa
closing stock=opening stock + purchases+ dirct exp - cogs
| Is This Answer Correct ? | 28 Yes | 23 No |
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 |
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Audit 
