how to calculate closing stock

faisalkhan

opening stock 36273.80
cash purchase 322455.10
cash sales 385655.40

how to calculate closing stock

CeeJaySix

Presumably you are given a mark-up or margin? Otherwise unless you're selling at cost it's not possible...

melinda_m

opening stock (what you had already) + purchase (now you have that too) - sales (these are gone) = closing stock

CeeJaySix

Not true unless you're selling at cost...sales will have a mark-up applied, so simply subtracting the sales value will not get you to stock value...