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Closing stock

This query is : Resolved 
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(Querist)
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
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Rupesh Jain

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Rupesh Jain (Expert)
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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