how to calculate closing stock
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faisalkhan
Registered Posts: 1
opening stock 36273.80
cash purchase 322455.10
cash sales 385655.40
how to calculate closing stock
cash purchase 322455.10
cash sales 385655.40
how to calculate closing stock
0
Comments
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Presumably you are given a mark-up or margin? Otherwise unless you're selling at cost it's not possible...1
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opening stock (what you had already) + purchase (now you have that too) - sales (these are gone) = closing stock0
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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...0
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