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