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
Amol S Joglekar
(Expert)
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)
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SANYAM ARORA
(Expert)
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
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