Closing stock
This query is : Resolved
24 July 2012
WHAT WILL BE THE CLOSING STOCK IF OP STOCK 512703 SALE 8889273 PURCHASE 8228149 & gp is 25% WHAT WILL BE CLOSING STOCK please provide formula also for for above calculation
24 July 2012
Sale 8889273 @ 25 % GP. so the cost price of the sale swill be 75% of 8889273 = 6666954. Use the formula Closing stock = opening stock + purchase - sales at cost. =512703 + 8228149 - 6666954. (Please give me your answer CONSIDERING 40 % GP at amolshankar@gmail.com)
Message likes :
1 times
24 July 2012
Sales - G.P = C.O.G.S
Then you can apply the following formula
C.O.G.S = Op. Stock + Purchases - Cl. Stock
Thanks & Regards
Sanyam Arora
Then you can apply the following formula
C.O.G.S = Op. Stock + Purchases - Cl. Stock
Thanks & Regards
Sanyam Arora
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
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- Banking Related Issue
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Loss of interest in PF transfer from EPFO to Trust
- Sale of Mutual Funds In Diffirent Financial Years
- Query regarding reporting of exempt foreign remuneration in ITR
- Taxability of credit in canara bank ET & T section (NRO)
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
