Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

The opening stock and closing stock are rs 33000and rs17000 respectively. What is the average stock?

user-image
Question added by delli ganesh
Date Posted: 2017/11/14
Bilal Noor
by Bilal Noor , Senior Accountant , Ibrize Al Sharq

AVERAGE STOCK =  (OPENING STOCK+CLOSING STOCK/2)

  AVERAGE STOCK =                                33,000+17,000/2

AVERAGE STOCK =    25,000.00

Nazaf Najeeb Akkarakkaran
by Nazaf Najeeb Akkarakkaran , Accountant , Sky Gold & Diamonds

Average stock = (opening stock +Closing stock)/2

                     = (33000+17000)/2

                     =25000

MOHAMMED ABDUL TAUSIF ANSARI
by MOHAMMED ABDUL TAUSIF ANSARI , Sr accountant , Art fertility Clinics LLC

Opening Stock = 33,000

Closing Stock=    17,000

____________________

Opeing Stock / Closing Stock = Average Stock

33,000 / 17,000 = 25,000/-

 

More Questions Like This