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When the closing stock will be reflected in trial balance &
at what value
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Answer Posted / satish
After financial period closed. it should be valued cost
price or market value which ever is less.
| Is This Answer Correct ? | 2 Yes | 3 No |
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Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
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