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Closing stock balance year end
Sir How to arrive Closing stock for trading accounts as on 31st March.1.Based on Gross profit and purchase.2.if it Gross loss.3.Any formulae.plz explain .thks
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Fist Deduct Gross profit from sales and figure that we arrived called cost of goods sold
Closing stock =openings tick+purchases-cost of goods sold
Closing stock =openings tick+purchases-cost of goods sold
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