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Closing stock balance year end
Sir How to arrive Closing stock for trading accounts as on 31st March.1.Based on Gross profit and purchase.2.if it Gross loss.3.Any formulae.plz explain .thks
Replies (1)
Fist Deduct Gross profit from sales and figure that we arrived called cost of goods sold
Closing stock =openings tick+purchases-cost of goods sold
Closing stock =openings tick+purchases-cost of goods sold
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