how do you calculates closing stock in Trading A/c
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Answer Posted / dillip kumar dash
For Closing Stock we have to add Opening Stock in Purchased
Stock and then substract the Sales and damages. i.e.
Opening Stock + Purchases - Sales - Damages** = Closing Stock
**(in some case the damege wont come and adjust in Profit
and Loss Account and in some case it wont come into Account.
It will very by nature of business to business)
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