Department accounting

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9 Points Posted on 18 October 2019
how to calculate unrealized profit .
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On 18 October 2019 at 08:52 Report
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26 Points Posted on 19 October 2019
In which situation you are asking
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On 19 October 2019 at 14:39
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9 Points Posted on 19 October 2019
When their is inter department trf of stock
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On 19 October 2019 at 15:14
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26 Points Posted on 19 October 2019
Unrealised profit = Closing stock × Gross profit
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On 19 October 2019 at 15:21
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9 Points Posted on 19 October 2019
While calculating unrealised profit in closing stock we need to deduct opening stock from it. yes or no.
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On 19 October 2019 at 15:21
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26 Points Posted on 19 October 2019
No
Unrealised profit = Closing stock × Gross profit
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On 19 October 2019 at 15:22

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