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Accountancy

Sir can we do trading account for calculating closing stock and provide other details in statement format like for abnormal items and calculate closing stock in trading account? I am referring to illustration8

Sugam SM

CA Final

★ 9K+

12-May-22 12:41

498

Answers (4)

Like this as they have calculated within one statement,but I feel this would be good...

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Sugam SM

CA Final

★ 9K+

12-May-22 12:48

Yes

CA Suraj Lakhotia

Admin

12-May-22 12:55

Sir you have said the golden formula and can we use that in exam, I used it for illustration 10 and it was quite easy. So is this format acceptable sir? Because calculation with that became easy to solve.

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Sugam SM

CA Final

★ 9K+

12-May-22 13:40

Thread Starter

Sugam SM

Yes. It can be done using that formula.

CA Suraj Lakhotia

Admin

12-May-22 14:03

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