Closing stock valuation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 August 2014
sir ,
Am usign tally software.
this month
we have opening stock+purchase+ direct exp and there is no sales. But management is eating my brain that the OS+Pur is not equal to CS. Pls help me to give them a good explenation.
Am usign tally software.
this month
we have opening stock+purchase+ direct exp and there is no sales. But management is eating my brain that the OS+Pur is not equal to CS. Pls help me to give them a good explenation.
14 August 2014
Dear Friend,
Management's contention is correct.
Opening Stock + Purchase - Sales = Closing Stock.
Unless you add the direct expense cost in the cost of unit in purchase it will not affect value of purchase and accordingly it will not affect value of closing stock.
Management's contention is correct.
Opening Stock + Purchase - Sales = Closing Stock.
Unless you add the direct expense cost in the cost of unit in purchase it will not affect value of purchase and accordingly it will not affect value of closing stock.
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