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It is the amount of stock which is lying with the company at the month end.
Company needs to analyse this for the purpose of maintaining its inventory cycle and to know its Re-Order Level of inventory.
Closing Stock = Opening Stock+Purchase+Good returned-Sales-Sales
Closing stock is the unsold Goods that are remains in stores (finished goods inventory) or warehouse (This includes raw materials, work-in-process), in accounting terminology it is called as Asset.
Closing stock = Opening stock + Purchases - Cost of goods sold
Closing stock means the amount of inventory in your hand at the end of accounting period.
Les stocks de matières premières, marchandises et approvisionnements doivent être évalués à leur coût d’acquisition.
Les stocks de produits (en-cours ou finis) doivent, quant à eux, être évalués à leur coût de production.
La notion de coût d’un stock est plus « étendue » que celle d’un prix d’achat : en effet, contrairement au prix d’achat, il comprend tous les coûts d’acquisition, de transformation et également tous autres coûts supportés pour amener les stocks à l’endroit et dans l’état où ils se trouvent.
Closing stock is the amount of inventory that a business still has on hand at the end of a reporting period (OS+purchase-cost at sales)
Closing stock is the amount of inventory that a business still has on hand at the end of a reporting period. This includes raw materials, work-in-process, and finished goods inventory. The amount of closing stock can be ascertained with a physical count of the inventory. It can also be determined by using a perpetual inventory system and cycle counting to continually adjust inventory records to arrive at ending balances.
The Unsold Goods which are remains in stores or warehouse, in accounting terminology it is called as Asset.
The amount of inventory that a business still has on hand at the end of a reporting period which includes raw materials, work-in-progress & finished goods inventory. or
closing stock = Purchases + opening stock - Consumption
balance stock at end of the day
Closing Stock----Opening Stock+Purchases-Consumption=Closing Stock
The amount of stock that we have in our present stock at the end of monthly inventory.
