How to find closing stock in trading account?

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Answer # 1 #

Include adjustments for damaged or obsolete stock when calculating closing stock.

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Answer # 2 #

Check physical inventory at year-end to verify. Accurate valuation is important; use FIFO, LIFO, or weighted average method for consistency.

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Answer # 3 #

Closing stock in trading account is calculated as: Closing Stock = Opening Stock + Purchases - Cost of Goods Sold. This value is transferred to the balance sheet and affects gross profit.

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