Valuation
This query is : Resolved
13 June 2009
Dear Export,
while calculation of closing stock at tally 7.2, the valuation of closing stock is
Inward Value - outward value - gross profit = closing stock
but i am unable to under stand from where gross profit value calculate, i thing this procedure is wrong, it unnecessary ,actually closing stock is differ from my calculation
plz suggest.
while calculation of closing stock at tally 7.2, the valuation of closing stock is
Inward Value - outward value - gross profit = closing stock
but i am unable to under stand from where gross profit value calculate, i thing this procedure is wrong, it unnecessary ,actually closing stock is differ from my calculation
plz suggest.
vinod kumar lalwani
(Expert)
13 June 2009
hi
closing stock should be calculated as under
outward value (at cost)
Less- inward value (at cost)+opening stock
closing stock
closing stock should be calculated as under
outward value (at cost)
Less- inward value (at cost)+opening stock
closing stock
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