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.
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SANYAM ARORA
(Expert)
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
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