# How To Calculate Closing Stock In Account?

If my opening stock is as
0.00% = 2305032
4.00% = 1154685.75
12.50%= 650725.50
total Openings Stock = 4110443.25

and purchases is as
0.00% = 16178645.38
4.00%=  10011894.00
12.50% = 10603435.00
Total purchases = 37174044.38

Sales as are
0.00%= 31386287.68
4.00%= 14714916.89
12.50% = 14083322.30

Total sales = 60184526.87

opng stock= 4110443.25
purchases= 37174044.38
sales = 60184526.87

then plz answer me that what is my "CLOSING STOCK" in my trading a/c.

Plzzzzzzz answr it?

What is closing stock ???
thanked the writer.
Closing stock = opening stock + purchases - sales
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Closing stock is an asset to the business and is therefore a debit entry.
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The following list of balances relate to m. Summer who has been trading for one year. List of balance at 31st December 2009.
Sales   \$28794
Purchases  \$23803
Rent and rates \$854
Lighting expenses \$422
Salaries \$3164
Insurance \$105
Shop buildings \$50000
Shop fixtures \$1000
Debtors  \$3166
Creditors \$1206
Cash at bank \$3847
Drawings \$2800
Motor van \$5500
Motor running expenses \$1133
Capital \$65900
Accruals \$400

Stock at 31st December 2009
1. Prepare the trail balance for m.summer
2. Prepare the Financial Statements for m. Summer
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128000 is the closing stock
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