Question

how to find stock reserve in deoartmental accounts​

Answer 1

Answer:

This is pavithrakannan..In Advanced Accounting under departmental accounting, can anyone explain briefly about meaning of stock reserve and why we are debiting the closing stock reserve and crediting the opening stock reserve in general p&l A/C. while calculating G.P % for stock reserve, why we are taking previous year for opening stock reserve and current year for closing stock reserve..