Closing stock

This query is : Resolved

surinder (Querist)
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11 October 2014 Dear all,
thanks in advance for all,

Please tell me methods of closing stock valuation with formulas and also tell me which method is best. tell in detail

Rupesh Jain

Rupesh Jain (Expert)
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11 October 2014 you can valuation as accounting standard IAS -2 . average cost method. FIFO METHOD, LIFO.

As per IAS valuation will on cost or net releasable value whichever is less .

you can adopt FIFO METHOD.

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