Examples of Closing Stock in a sentence
DEFINITIONS GROSS PROFIT: The amount by which the sum of the Turnover, Closing Stock and Work-in-Progress shall exceed the sum of the Opening Stock, Work-in-Progress and the Specified Working Expenses.
The sum of the Turnover and the amount of the Closing Stock shall exceed.
DEFINITIONS GROSS PROFIT: The amount by which the sum of the Turnover, Closing Stock and Work-in- Progress shall exceed the sum of the Opening Stock, Work-in-Progress and the Specified Working Expenses.
Working shift of 8 hours per day has been considered.3. Raw Material stock is for 10 days and Finished goods Closing Stock has been taken for 10 days.4. Credit period to Sundry Debtors has been given for 9 days.5. Credit period by the Sundry Creditors has been provided for 9 days.6. Depreciation and Income tax has been taken as per the Income tax Act, 1961.7. Interest on working Capital Loan and Term loan has been taken at 11%.
UNIT VFinal Accounts of Sole Trading Concerns – Adjustments : Outstanding Expenses – Prepaid Expenses – Closing Stock – Depreciation – Bad debts – (Simple Problems) – Cost of Goods Sold.