CLOSING STOCK

Calculation of Closing Stock as on 31st march . 

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Quick Summary
This discussion explains the basic formula for calculating closing stock as of March 31st. The calculation involves your opening stock, plus any purchases made, minus any sales. It also accounts for purchase returns and sales returns to ensure an accurate final figure.

Closing stock = opening stock+purchase-sales

Opening Stock                                             XXXX

Purchase                               XXXX

Less :- Purchase Return      XXXX             XXXX   

                                                                      XXXX

Sales                                     XXXX

Less:- Sales Return            XXXX                XXXX  

      Closing Stock                                        XXXX

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