banner_ad

Closing stock assume doubt typically under trading account

Others 346 views 3 replies
Dear Chartered Accountants and Knowledgeable persons....

Opening stock VS closing stock

Some people's told to me the closing stock will be below of your opening stock ... everybody telling their own point including some Auidtors and accountants

Generally as per Accounting rules ,the closing stock how can I judge??? 

my humble request plse everybody give me a clarity information
Replies (3)
Now I can explain:

Opening Stock : 14000
Purchase: 56000
GP (10% of sales): 8400
Total 78400
Sales : 62000

Then Closing stock will be 16400 less than opening stock.

It's a simple concept if you have more sale then you have less stock and if you have less sale then more stock.
@ CA Rashmi mam now I clearly understand Mam ...clear explanation by you... thanking you
Welcome Dear


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details