CLOSING STOCK

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accountant
39 Points Posted on 25 January 2021

Calculation of Closing Stock as on 31st march . 

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On 25 January 2021 at 16:18 Report
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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.

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Chartered Accountant
24588 Points Posted on 25 January 2021
Closing stock = opening stock+purchase-sales
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On 25 January 2021 at 22:38
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Accountant
95 Points Posted on 26 January 2021

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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On 26 January 2021 at 13:49

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