Department accounting

Aditi gaur (9 Points)

18 October 2019

how to calculate unrealized profit .

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sree manjunatha (26 Points)
Replied 19 October 2019

In which situation you are asking

Aditi gaur (9 Points)
Replied 19 October 2019

When their is inter department trf of stock

sree manjunatha (26 Points)
Replied 19 October 2019

Unrealised profit = Closing stock × Gross profit

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Aditi gaur (9 Points)
Replied 19 October 2019

While calculating unrealised profit in closing stock we need to deduct opening stock from it. yes or no.

sree manjunatha (26 Points)
Replied 19 October 2019

No
Unrealised profit = Closing stock × Gross profit

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