20 October 2016
on 31st march 2001, the closing stock of X ltd was rs. 345000. on 1st april 2001, stock of 225000 was destroyed by fire . if the balance sheet of the company on 31st march 2001 was finalised on 25th april, 2001 then the balance sheet will show closing at 345000. my doubt is whether this loss is disclosed in footnotes of balance sheet or not....
CAclubindia
