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متابعة

What is closing stock?

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تم إضافة السؤال من قبل Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
تاريخ النشر: 2016/04/28
Toral shah
من قبل Toral shah , Accounts Executive , Bipin & Co

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

Ahmed shata
من قبل Ahmed shata , Senior Accountant , Best Choice Real Estate Development

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

Abdul Sameeh Padinhar Shafi
من قبل Abdul Sameeh Padinhar Shafi , Accountant , CONSOLIDATED ENGINEERING SYSTEMS CO. QATAR

Closing stock means the amount of inventory in your hand at the end of accounting period.

LAHSEN GAIZEN
من قبل LAHSEN GAIZEN , Magasinier , mogador hotel

Les stocks de matières premièresmarchandises 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.

Saby Joseph
من قبل Saby Joseph , Tutor , Civil Supplies Corporation of Kerala

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)

Ajit Chandran J
من قبل Ajit Chandran J , Analyst

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.

Abdul Aziz Khan
من قبل Abdul Aziz Khan , Project Accountant , Abdullah A.M. Al-khodari Sons Co.

The Unsold Goods which are remains in stores or warehouse, in accounting terminology it is called as Asset.

Alok Kumar
من قبل Alok Kumar , Auditor , HCL Technologies Ltd

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

Saby Joseph
من قبل Saby Joseph , Tutor , American Educational Institute Kattappan

balance stock at end of the day

Arun Mamgain
من قبل Arun Mamgain , Sr. Finance Execuitve/Administrator , Dubai Healthcare City Community Management FZ LLC(Govt. of Dubai)

Closing Stock----Opening Stock+Purchases-Consumption=Closing Stock

MOHMED ABRAR CHOUGULE
من قبل MOHMED ABRAR CHOUGULE , Team lead Phlebotomist , AL ZAHRA PVT HOSPITAL

The amount of stock that we have in our present stock at the end of monthly inventory.

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