How do you calculate closing stock? Which important steps do
you take while valuation of closing stock.
Answer Posted / dilip
closing stock =opening stock + purchases + factory
expenses - sales
| Is This Answer Correct ? | 7 Yes | 6 No |
Post New Answer View All Answers
how to geting finished goods cost with included it's all BOM and all production order cost in sap?
What is the difference in accounting and marketing?
IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?
What are the advantages of double entry system?
explain the relevance of closing stock account in trading a/c when preparing the gross profit?
Is it compulsary to give TOEFL for applying US visa.
Tell me how can you explain the basic accounting equation?
A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?
What is the difference between General Ledger and Ledger?
what is account reconcillation
What is the rate of penalty charged when the given Vat Cheque dishonoured?
what role did you play in collections?
What have you read in the newspapers in the last few days that particularly interested you?
Under the accrual basis of accounting, when revenues are reported in the accounting period?
A non-function currency claim:- Employee while updating a non functional currency claim the system uses the period end rate i.e. any claim pertaining to the period 01Aug - 25th Aug. the system uses the period end rate as of July 31st. (2) Also, what is the basis of using the period end rate not the average rate for expenses claim. Can you please clarify my question.