closing stock

toptop88

how to calculate closing stock for sundry shop???

Nimzowish

calculate the item that u use to wash those cloth ?

bombajames2

calculate the item that u use to wash those cloth ?
Nimzowish 发表于 13-3-2011 01:58 AM

People asking "sundry shop" not Laundry shop.....


Reply owner....

depends you want to taken in pepetual or periodic stock....

if periodic, your closing stock will be Total Cost of Sales - (OP + P)

if pepetual every goods received, you need to raised goods received notes and taken in
to your account, every stock out you need to raised goods issued notes.

if you dont have any system to record, please prepared a stock card which
categories all type of your goods, and updated every day.

Nimzowish

回复 3# bombajames2


    haha, my mistake

ks_w

请用中文发问。

首先，你需要先有一个完整的库存清单，记录所有存货的数量。比较好的做法是在年底做一次stock take。

过后，你需要决定公司的inventory costing method是采用first in first out method 或者weighted average method.

存货的数量 x 单价= inventory cost

回复 1# toptop88

bwei

请用中文发问。

首先，你需要先有一个完整的库存清单，记录所有存货的数量。比较好的做法是 ...
ks_w 发表于 13-3-2011 02:30 PM

    听说好像ＦＲＳ不允许weighted average method　了，不过我可不是很清楚，因为好几年没做ａｕｄｉｔ了。。。看看有没有那个大大能解答

ks_w

根据Para 25 of FRS 102:
The cost of inventories, other than those dealt with in paragraph 23, shall be assigned by using the first-in, first-out (FIFO) or weighted average cost formula. An entity shall use the same cost formula for all inventories having a similar nature and use to the entity. For inventories with a different nature or use, different cost formulas may be justified.

所以，weighted average cost method还是允许的。

FRS 102是不允许the last-in, first-out (LIFO) formula to measure the cost of inventories.

回复 6# bwei

toptop88

thanks all info...

toptop88

People asking "sundry shop" not Laundry shop.....


Reply owner....

depends you want to ta ...
bombajames2 发表于 13-3-2011 02:29 AM

hi i wish to ask, if i use this calculation, Total Cost of Sales - (OP + P) then how i can get my Gross Profit at trading account??

tq

ks_w

请用中文发问。

请问什么是OP + P？

hi i wish to ask, if i use this calculation, Total Cost of Sales - (OP + P) then how i can get my  ...
toptop88 发表于 13-3-2011 10:05 PM

bombajames2

hi i wish to ask, if i use this calculation, Total Cost of Sales - (OP + P) then how i can get my  ...
toptop88 发表于 13-3-2011 10:05 PM

一般我们都会有库存清单，(stock Listing), 所以当year ended 的时候，会进行stock take,
那么stock take 的到的那个数目，就是你的closing stock.

OP = Opening Stock
P = Purchase

因为我不清楚楼主是想知道closing stock怎样得到，还是你想知道如何计算closing stock.

bwei

根据Para 25 of FRS 102:
The cost of inventories, other than those dealt with in paragraph 23, shall ...
ks_w 发表于 13-3-2011 07:23 PM

    我看我的accounting knowledge 真的很差了。。。。haiz 。。。可能我真的不是那么适合做这行。。。（accounting / audit firm）

谢谢你的提醒

ks_w

OP = Opening Stock

原来如此。谢谢


回复 11# bombajames2

ks_w

每个人的专长不一样。你是在taxation的

回复 12# bwei

bwei

每个人的专长不一样。你是在taxation的

回复  bwei
ks_w 发表于 14-3-2011 02:28 PM

    我做tax 不到两年。。。

ks_w

那之前还做过什么呢？

我做tax 不到两年。。。
bwei 发表于 14-3-2011 07:59 PM

bwei

那之前还做过什么呢？
ks_w 发表于 15-3-2011 12:52 AM

    做过3年多的audit （小firm），半年的freelance， 一年的partnership （IT + consultation）， 现在做tax。。。那么你呢？

ks_w

我做了10年的audit

做过3年多的audit （小firm），半年的freelance， 一年的partnership （IT + consultation）， 现 ...
bwei 发表于 15-3-2011 08:11 AM

bwei

回复 18# ks_w


    那么不是很expert 了？得空过几招来，哈哈哈

ks_w

不要抢我饭碗

回复 19# bwei