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Department accounting
how to calculate unrealized profit .
Replies (5)
In which situation you are asking
When their is inter department trf of stock
Unrealised profit = Closing stock × Gross profit
While calculating unrealised profit in closing stock we need to deduct opening stock from it. yes or no.
No
Unrealised profit = Closing stock × Gross profit
Unrealised profit = Closing stock × Gross profit
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