Closing stock
This query is : Resolved
22 July 2012
PLEASE EXPLAIN DIFFERENT FORMULA TO CALCULATE CLOSING STOCK FOR BUINESS EG-OP STOCK 512703 SALE 8889273 PURCHASE 8228149 WHAT WILL BE CLOSING STOCK
22 July 2012
if u had one apple at the start of the day
during the day you purchased 2 apples
and during lunch you gave one apple to your friend.
How many apples do you have at the end of the day assuming you did not eat any apple.
Whatever logic you apply to above example, same is applciable to your question.
Only difference is, if the above numbers in your query are amounts, then first bring the sales value at cost by removing the profit margin and then perform the same logic.
during the day you purchased 2 apples
and during lunch you gave one apple to your friend.
How many apples do you have at the end of the day assuming you did not eat any apple.
Whatever logic you apply to above example, same is applciable to your question.
Only difference is, if the above numbers in your query are amounts, then first bring the sales value at cost by removing the profit margin and then perform the same logic.
Message likes :
1 times
22 July 2012
Different Methods are as follows -
1) FIFO
2) LIFO
3) HIFO and many more,but i think that will not serve your purpose.
The example given by you can be solved as follows -
Opening stock + Purchases - Closing stock = Sales
1) FIFO
2) LIFO
3) HIFO and many more,but i think that will not serve your purpose.
The example given by you can be solved as follows -
Opening stock + Purchases - Closing stock = Sales
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
