Question

Opening stock 240000Purchase 680000Sale 975000 . Find value of closing stock

Answer 1

Closing stock = Opening stock + Purchases - Sales

                        = 2,40,000 + 6,80,000 - 9,75,000

                     

                       =  ( - 50,000 )

           

Answer 2

Closing Stock = -55000

Explanation:

Given:

Opening stock = 2,40,000

Purchase = 6,80,000

Sale = 9,75,000

Computation of Closing stock:

Sales during the period = Opening stock + Purchase - Closing stock

So ,

Closing stock = Opening stock + Purchase - Sales

= 2,40,000 + 6,80,000 - 9,75,000

=  -55000

Therefor Closing stock is negative , -55000

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