How to reduce the closing value

Try to value your stock at FIFO or at Cost price.

thank u and try to change the stock methods what you given your suggestion.

I try to change the stock valuation method from average cost to fifo.  Please suggest me which method is sufficient for valuation of stock under less value

Dear Sir

The Companies Act, 2013 requires companies to compute the depreciation in accordance with the Schedule II to the Companies Act which provides useful lives to compute the depreciation.

When we follow the method of computation of depreciation pronounced in Sch II of Companies Act under WDV method, the residual value is not matching with Scrap value fixed initially. 

Small illustration has been provided below: