Australia's largest stock trading and investment forum Australia's #1 stock forum

Day Trader’s Aftermarket Lounge 24 June 2020, page-93

First 93 Last

Share
Profile

Follow
The.Accountant

153 Posts.

10

25/06/20

05:57

Post #: 45434553
Share

Originally posted by jimmy1979: ↑

It goes of opening and closing stock. The closing stock is measured at either market value or cost value. So every year I work out my closing stock to see which method is more beneficial for me. Those losses would have been claimed the year they are incurred, but still carry the stock. I basically work out:

Sales

Less Cost of Good Sold:
Opening Stock plus Purchases
Less closing stock

Equals my Gross Profit

Less expenses, such as brokerage, research fees, internet, home office etc.

Expand

okay Jimmy couldn't sleep last night thinking about you, the losses but honestly it was your comment re brokerage being below the GP line.

Brokerage should be above the GP line.

Please promise me you will make that change.
2 Upvote

Reply

First 93 Last