Question

A firms opening stock and stock investment are rs 2000 and rs 1000 calculate closing stock

Answer 1

closing stock will be 2000+1000=3000(if there is no sale)

Answer 2

rs 3,000

Explanation:

Given:

Opening stock of firm = rs 2,000

Stock Investment ( purchase of stock during the year) = rs 1,000

Assume, there are no sales during the particular year  

So, Sales = 0

Computation of Closing stock during the year:

Closing stock = Sales - Opening stock - Purchase of stock during the year

Closing Stock = 0 - 2,000 - 1,000

Closing Stock = -3,000

We have to use Positive number, So Closing Stock = 3,000

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