Department accounting


Aditi gaur   18 October 2019

Aditi gaur

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how to calculate unrealized profit .

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sree manjunatha   19 October 2019

sree manjunatha

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In which situation you are asking

Aditi gaur   19 October 2019

Aditi gaur

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When their is inter department trf of stock

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sree manjunatha   19 October 2019

sree manjunatha

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Unrealised profit = Closing stock × Gross profit

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Aditi gaur   19 October 2019

Aditi gaur

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

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sree manjunatha   19 October 2019

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No
Unrealised profit = Closing stock × Gross profit

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