Department accounting

sree manjunatha   19 October 2019

In which situation you are asking

Aditi gaur   19 October 2019

When their is inter department trf of stock

sree manjunatha   19 October 2019

Unrealised profit = Closing stock × Gross profit

Aditi gaur   19 October 2019

While calculating unrealised profit in closing stock we need to deduct opening stock from it. yes or no.

sree manjunatha   19 October 2019

No
Unrealised profit = Closing stock × Gross profit