Menu
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
Recent Topic
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
Related Topics
CAclubindia
